APA – Abidjan (Cote d’Ivoire) On Thursday 28 September 2023, the Council of Ministers adopted the draft law regulating the State budget of Cote d’Ivoire for the year 2022.
Initially set at 9,901 billion CFA francs, the budget for 2022 was revised to CFA10,734.5 billion by an amending finance bill, to take account of changes resulting in particular from measures to support sectors affected by the crisis in Ukraine.
These measures related in particular to the fight against the high cost of living, the strengthening of the defence and security apparatus in view of the persistent terrorist threat, and preparations for the 2023 African Cup of Nations, which Cote d’Ivoire is hosting.
Following the adoption of the collective budget, other adjustments to the budget became necessary for the proper conduct of certain priority operations of the State, according to the Amending Finance Bill.
All of these budget adjustments balanced out at CFA457 billion in resources and expenditure, thereby increasing the State budget from CFA10,734.5 billion to CFA11,191.6 billion.
Drawing up the balance sheet for the 2022 financial year, this settlement bill sets the final amount of revenue collected at CFA11,077.9 billion, against a forecast of CFA11,191.6 billion, i.e. a collection rate of 99 percent.
These figures include State resources and receipts from special Treasury accounts. Budget expenditure, programmed at CFA11,191.6 billion, was implemented to the tune of CFA11,158.4 billion, representing an implementation rate of 99.7 percent. This expenditure includes State expenditure and expenditure from Special Treasury Accounts.
Taken together, these operations resulted in a negative balance in relation to own resources of CFA3,103.9 billion. This deficit was financed by cash transactions, with a net balance of CFA3 023.3 billion. The overall balance of all budgetary and treasury operations showed a deficit of CFA80.5 billion.
The budget execution was approved by the Court of Auditors, which produced a general declaration of conformity, a final report on budget execution and an audit report on programme performance.
AP/fss/abj/abj/APA