(Ecofin Agency) - Cöte d’Ivoire plans to adopt a budget close to $13.8 billion for the 2020 fiscal year, the government indicates in the 2020-2022 budget planning document published this week.
Compared with the budget for the ongoing 2019 fiscal year, this represents an increase by 9.8%. Named "Document de programmation budgétaire et économique pluriannuelle (DPBEP) 2020-2022", the said document presents the government’s budgetary stances for the coming three fiscal years.
In the document, the government reveals that within those fiscal years, the state budget would gradually increase to reach $15.9 billion by 2022. To support this rise, it plans to reform its budgetary policy. This policy should be focused on “the efficiency of domestic revenue collection, expense consolidation and control, a continuation of the fight against poverty as well as investments for sustained, strong and inclusive economic growth.”
Let’s note that for years now, the country’s growth has been one of the most steady in Africa. According to the IMF, from 7.4% in 2018, this growth may rise to 7.5% in 2019 before dropping slightly to 7.2% in 2020.
Moutiou Adjibi Nourou