State Budget For 2023 : Projections, Orientations Presented In National Assembly

Within the framework of the statutory Budgetary Orientation Debate, the Minister of Finance, Louis Paul Motaze presented the major highlights of the 2023-2025 Medium-Term Economic and Budgetary Programme Document at National Assembly on July 5, 2023. This is part of the process of the preparation of the finance law that contains the State budget.
In the plenary sitting of the National Assembly, presided at by the House Speaker, Hon. Cavaye Yeguie Djibril, the morning part was stormy as many MPs of the opposition political parties took to the rostrum, raised an identical preliminary objection calling for the Budgetary Orientation Debate to be postponed and probably organised during an extraordinary session of Parliament. Their arguments were that the document that contains government’s proposals were only tabled yesterday in violation of the law which provides that it should be tabled in Parliament before July every year. After the stalemate, the House Speaker suspended the sitting that finally only took place in the afternoon. Even at that time after the Finance Minister finished presenting his speech,  general debates were opened but no MP asked questions.
Budgetary Projections
Following the 2023-2025 Medium-Term Economic and Budgetary Programme Document, the projections for global resources, the total State resources in 2023 are FCFA 6 040.4 billion, an increase of FCFA 32.7 billion in absolute terms compared to 2022. The internal revenue which is made up of oil, tax, customs and non-tax revenue as well as donations is projected at FCFA 4 495.0 billion in 2023,  an increase of FCFA 271.8 billion compared to 2022. Grants divided into project and programme grants are projected at FCFA 91.0 billion in 2023. State financing is projected at FCFA 1 545.5 billion in 2023, including FCFA 273 billion in budgetary support expected within the framework of the implementation of the Economic and Financial Programme (PEF) concluded with the International Monetary Fund (IMF).  Total State expenditure for 2023 is projected at FCFA 6 040.4 billion, an increase of FCFA 32.7 billion in absolute terms compared to 2022.
Finance Minister Louis Paul Motaze said the budget was being prepared within a context marked by the Russo-Ukrainian crisis which contributed to slowing  the growth of the world economy  and led to a su...