The Minister of Finance and Budget, Calixte Nganongo, presented on Saturday 27 and Monday 29 October 2018, at the National Assembly and the Senate, the financial bill 2019. It is set at 2,323 billion 448 million F CFA in revenue, and 1,753 billion 608 millions de F CFA in expenditures. And results in a budget surplus of 569 billion 840 millions F CFA.
This draft financial bill focuses mainly on four fundamental lines: strengthening measures to improve and secure public resources; controlling public expenditures for greater efficiency; public debt sustainability through a strategy that is based on appropriate financing options; implementation of certain projects provided for in the National Development Plan (PND).
This financial bill proposed by the Government, also includes cash and financing resources of 110 billion F CFA for costs of 1,133 billion F CFA, resulting in a deficit financing balance of 1,023 billion F CFA;
Major budget volumes
a - Budget revenues
The draft budget provides for revenues to the amount of 2,323 billion 448 millions F CFA for the financial year 2019, an increase of CFAF 720 billion 829 millions F CFA compared to the financial year 2018.
The contribution by budget component is as follows: the overall budget amounts to 2,240 billion 825 millions F CFA, corresponding to 96 percent ; ancillary budgets come to a level of 16 billion F CFA, or 0,69 percent; and, finally, the special accounts of the Treasury account for 66 billion 607 millions F CFA, or 2,87 percent.
By revenue order, the annual forecast is as follows:
Tax revenue, consisting of internal taxes and duties, as well as indirect duties and customs duties, are estimated at 837 billion F CFA, down from 754 billion 600 millions F CFA, an increase of 82 billion 400 millions F CFA.
b - Budgetary spendings
Set to the amount of 1,738 billion 958 millions F CFA, budgetary spendings increase by 355 billion 339 millions compared to the 2018 forecast.
Spendings by budget component are as follows:
By spending order, budget volumes are as follows:
Other spendings (formerly known as common costs), set at 37 billion F, compared to 34 billion F, in 2018, are in positive variation of 3 billion; ancillary budget spendings, planned for 16 billion 16 millions F, against 11 billion 761 millions, increased by 4 milliards 255 millions F, compared to their 2018 level; spendings of the special accounts of the Treasury, estimated at 66 billion 607 millions F, are down by 1 billion 622 millions F compared with their 2018 level.
c - The overall budget balance
As budget revenues are greater than budget spendings, a budgetary surplus estimated at 569 billion 840 millions F emerges.
Under the conditions of equilibrium that it determines, the 2019 finance bill also has cash and financing goals related to the sustainability of the public debt and to monetary stability.
d - The Treasury and the Funding
The finance bill includes, in cash and financing, resources of 110 billion F, and charges of 1,133 billion F, generating a balance of deficit financing of 1,023 billion F.
Cash resources, amounting to 110 billion F, consist mainly of drawings related to the implementation of partnership project, which amount to 107 billioin F, compared to 104 billion F in 2018.
Cash costs include:
The press Office of the Ministry of Finance
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