Public Management

Côte d'Ivoire Plans 11.5% Budget Increase for 2025

Côte d'Ivoire Plans 11.5% Budget Increase for 2025
Friday, 14 June 2024 13:21

Côte d'Ivoire's government announced an 11.5% increase in the national budget for 2025, raising it to FCFA 15,301 billion ($25.1 billion) from FCFA 13,720.7 billion ($22.5 billion) in 2024. Government spokesman Amadou Coulibaly made this announcement following a cabinet meeting on June 12, 2024.

Government projections show this upward trend continuing, with the budget reaching FCFA 17,070 billion ($28.1 billion) in 2026 and FCFA 17,480 billion ($28.7 billion) in 2027. The government aims to improve the efficiency of domestic revenue collection and control operating expenses. It will maintain public debt sustainability to boost investments and anti-poverty spending.

"The government's economic and financial policy will focus on implementing development strategies initiated in previous years," the government stated.

In recent years, Côte d'Ivoire has experienced positive economic momentum with favorable growth prospects. In May, Standard & Poor’s Global Ratings upgraded the country's outlook from "stable" to "positive," maintaining a "BB-" rating. This followed the successful issuance of a $2.6 billion eurobond in January by the world's leading cocoa producer.

Additionally, Côte d'Ivoire recently secured two financing agreements totaling $4.8 billion with the International Monetary Fund (IMF) under the Extended Credit Facility (ECF), the Extended Fund Facility (EFF), and the Resilience and Sustainability Facility (RSF).

The multi-year budget plan for 2025-2027 is based on an average annual GDP growth forecast of 7.4%.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
71% of consumers say lending rates remain non-competitive across African markets. Over 54% of respondents cite a lack of transparency on interest...
Pilot to expand SME financing via crowdfunding Project introduces crowdlending, investing to address limited bank credit FOGEC to guarantee...
Lomé hosts conference on expanding insurance access for low-income groups Stakeholders discuss microinsurance solutions for informal and rural...
First investor town hall since 2021 signals renewed engagement with markets Authorities highlight disinflation, fiscal consolidation and debt...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
03

UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...

UBA, British International Investment explore Africa trade finance deal
04

Ghana to submit UN resolution on slave trade March 25 Draft seeks recognition as gravest crime ag...

Ghana pushes UN recognition of slave trade as crime against humanity
05

ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...

ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.