(Ecofin Agency) - As of September 30, Burkina Faso grapples with an estimated budget deficit nearing $900 million, as revealed in an official statement following the Council of Ministers' meeting published on Wednesday, November 15.

During the specified period, the country mobilized $3.5 billion in budgetary revenue, falling short of the $4.5 billion projected in the revised budget. Meanwhile, both incurred and targeted expenditures indicate an execution rate of 79.33%.

In treasury management, the Public Treasury harnessed a total of $4.74 billion across its network during the review period, reflecting an annual growth rate of 5.57%.

This budget evaluation unfolds against a challenging backdrop, with a surge in terrorist attacks complicating the socio-economic and political landscape in this Sahel country.

In September, the Burkinabe government adjusted its 2023 budget, citing a more than 2% increase in revenues. This adjustment responds to the evolving security situation, particularly the reinforcement of Defense and Security Forces, leading to significant unforeseen additional needs in the initial budget.