Africa-Press – Senegal. The 2024 budget should reach a record figure of more than 7,000 billion FCFA, announced on Monday, the Minister of Finance and Budget, Mamadou Moustapha Ba.
“Thanks to the conjunction” of several “favorable factors”, the Minister indicated that the 2024 budget “should reach a record figure of more than 7000 billion FCFA”.
Mamadou Moustapha Ba spoke during the debate on the budget orientation debate in the National Assembly.
He announced an economic growth forecast projected at 12.4%; good growth in tax revenue, up 23%; an increase of CFAF 113 billion in staff costs; a budget deficit contained at 3.9% of GDP.
Compared to the initial Finance Law (Lfi) 2023, “the Lfi 2024 project should experience an increase of more than 586 billion FCFA in absolute value and 9.1% in relative value”, said the minister.
He noted “almost tripling” in 12 years of the initial 2012 budget, which was 2,344.8 billion FCFA.
Mr. Ba explained that this performance was made possible in particular by « the satisfactory mobilization of internal revenue which will be amplified by the implementation of the Medium-Term Revenue Strategy (MTRS) based on the modernization of tax administrations, thanks to increased digitization, improved collection, better control of the taxpayer portfolio and gradual formalization of activities, among others.
Added to this is « the regular rationalization of current expenditure, through the reduction of the state’s lifestyle (freezing and termination of all rental agreements for buildings for housing use, drastic reduction in the telephone bill of the State, suspension of any order or acquisition of vehicles, etc.); and the amplification of investment expenditure ».
According to him, « in a very concrete way, the next triennium aims, in accordance with the guidelines of the President of the Republic, to strengthen the management of issues centered on opening up, territorial equity, improving the living environment, the strengthening of the universal social security system, the promotion of the status of women ».
The Minister also cited « universal access to water, energy, sanitation, basic health care and services and education and training, construction and upgrading of hospitals, the improvement of the professional integration of young people, the fight against floods, – the promotion of growth sectors in agriculture and internal security”.
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