Settlement Bill For 2020 : Overview Presented To Senators

The Minister of Finance, Louis Paul Motaze explained the Settlement Bill for the 2020 financial year before the Budget and Finance Committee of the Senate headed by Senator Elie-Victor Essomba Tsoungui. The Settlement bill presents the use of allocated resources as well as the execution level of various indicators as concerns budgetary authorisations which amounted in resources and charges to the sum of FCFA 4,409 billion. 
Defending the document before the Committee, Minister Louis Paul Motaze said, in detail, State resources made up of net revenue from the general budget excluding loans amounted to FCFA 3,134 billion as against a revised forecast of FCFA 2,741 billion, representing an execution rate of 114.3 per cent. Net expenditure of the general budget, he stated, was FCFA 3,928 billion, including net loans of FCFA 41.8 billion. The bill further shows a budget deficit of FCFA 785.8 billion, obtained by the difference between the State's net resources of FCFA 3,334 billion and overall expenditure of FCFA 4,120.2 billion. In relation to the Gross Domestic Product, the bill indicates that budget deficit stood at 3.3 per cent, which explains the strong pressure that public spending exerted on resources during the year. The Minister added that the execution of the 2020 budget in income and expenditure was marked by a challenging context at the national and international level. Besides the management of resources, the implementation of the budget for the 2020 financial year involved 166 programmes, e...