Mali’s parliament has adopted the 2018 budget which amounts to CFA2,330.778 ($4.2 billion) last Monday.

 “With estimated revenues (in terms of recovering forecasts) and expenditures respectively put at CFA1,957.625 billion and CFA2,330.778, the 2018 budget draft is characterized by a global deficit of CFA373.153 billion against FA356.183 billion in the 2017 amended budget, thus representing an increase of 4.76%,” said Yacouba Michel Koné, rapporteur of the commission for finance, economy, planning and private sector’s promotion.

“The deficit will be financed with external budget aids and savings mobilization, namely through securities issued by the Treasury,” the official added.  

Under the 2018 budget, the State will focus on the implementation of three main projects. First is the Agreement for peace and reconciliation in Mali. CFA285 billion ($515 million) will be injected in this project. The next two are the Law on Military Orientation and Planning (LOPM) and the Law on Internal Security Planning (LPSI).