Published on : 22/11/22 1:30 PM
Budget execution during the first half of 2022 is characterized by a satisfactory level of mobilization of budgetary resources. Established at 2 750.7 billion CFAF, budgetary resources represent 46.0% of the annual estimate of 5 977.7 billion CFAF.
By component, oil revenue represents 49.9% of the annual estimate LFR and non-oil revenue was 49.8%, of which 50.9% was tax revenue and 32% was non-tax revenue.
Mobilized budgetary resources increased to 630.5 billion as compared to 2 120.0 billion that was mobilized during the first half of 2021, mainly due to an increase in internal revenue.
Concerning budgetary charges, they increased to 50.2 billion as compared to that at the end of June 2021 established at 2 446.0 billion due to an increase in debt services leading to a decrease in current expenditure (excluding interests) and expenditure on investments.
This resulted to a surplus of the global budgetary balance of 122.7 billion, against a deficit of 200.7 billion at the first half 2021. The primary balance is surplus by 200.7 billion against a deficit of 130.6 billion, a year after.
However, the execution of the 2022 budget remains marred by derogatory procedures, and shortcomings in the execution of the public investment budget.
Efforts to raise resources, especially those for financing, to improve the consumption of investment appropriations and a mastery of operational charges should continue in the second half of 2022, in order to guarantee the achievement of the objectives of the economic and financial program and to meet the growing social and security needs. At the same time, continued efforts of all national actors in the budget execution chain and development partners will permit the Government to better implement main actions provided in the Amending Finance Law of 2022.