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
Gabon raises CFA 106.5 billion in oversubscribed bond issuance Two tranches fund infrastructure, health, education, housing projects Strong regional...
Nigeria’s SEC approves FCMB-TLG Private Debt Fund Series II launch Fund targets ₦20 billion for corporate debt to mid-sized firms Strategy focuses on...
Public debt rose to CFA8,606.6 billion by end-October 2025 Domestic debt now exceeds CFA4,391 billion, driven by regional markets Debt arrears...
Togo cut projected 2025 budget revenue by 1% to CFA1,472 billion while raising spending by 2.3% to CFA1,717.1 billion. The revised budget shows a...
Most Read
01

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
02

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
03

Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...

Airtel Africa Partners With SpaceX to Roll Out Starlink Direct-to-Cell
04

Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...

Fitch Says Côte d’Ivoire Has “Left Political Risk Behind” as Rating Upgrade Highlights Strengthening Fundamentals
05

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
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.