increase in spending, growth at 8.8% and falling budget deficit

increase in spending, growth at 8.8% and falling budget deficit
increase in spending, growth at 8.8% and falling budget deficit

The 2025 finance bill is estimated at 6,614.8 billion FCFA compared to 5,755.4 billion FCFA in 2024. Growth is expected to reach 8.8%. The budget deficit is projected at 7.08% of GDP compared to 11% in 2024.

The planned revenue amounts to 5,014.3 billion FCFA compared to 4,915.2 billion FCFA for the finance law for the year 2024, and 4,075 billion FCFA for the 2024 amending finance bill (PLFR 2024). ), i.e. an increase of 99.1 billion FCFA in absolute value and 2% in relative value

For the 2025 bill, revenues include: tax revenues set at 4,359.6 billion FCFA, an increase of 179.6 billion FCFA compared to the 2024 LFI, or 4.3%. Non-tax revenues at 190 billion FCFA, down by almost 20 billion FCFA, or 9.5%.

Growth projected at 8.8%

According to the document, drawings on project donations, estimated at 200 billion FCFA, record an increase of 134.5 billion FCFA compared to the forecasts of the 2024 amending finance bill (which saw a significant revision of the expected resources from partners which were readjusted to only 65.5 billion FCFA, compared to a forecast of 256.6 billion FCFA in the LFI 2024); budgetary donations for 45 billion FCFA, corresponding, essentially, to the shift in drawings expected in 2024 from management to 2025, subject to the conclusion of a new program with the IMF.

Concerning expenditure, the financial charges of the public debt (interest and commissions) increased to 932.1 billion FCFA compared to 578.3 billion FCFA in the LFI 2024, and 824 billion FCFA in the PLFR 2024, an increase of 108.08 billion FCFA in absolute value, and 13.1% in relative value.

Budget deficit of 7.08% of GDP

Personnel expenses are projected at 1,485.5 billion FCFA compared to 1,442.5 billion FCFA in the 2024 LFI, an increase of 43.1 billion FCFA, an increase of 3%.

The budgetary framework of the 2025 finance law is based on: a budget deficit of 7.08% of GDP with the objective of moving towards budgetary consolidation in 2027 and reaching a deficit of 3% of GDP. GDP, in compliance with the convergence criteria of the West African Economic and Monetary Union (UEMOA).

The growth rate is projected at 8.8% of GDP in connection with the new oil producer profile and the slowdown in secondary and tertiary activity. Inflation is at 1.9% and a tax burden rate projected at 19.3%, compared to 19.4% in the 2024 BIA.

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