Benin sets $3.3 bln budget and 1.8% budget deficit for 2020
Thursday, 26 September 2019 12:19
The government of Benin adopted this week its Finance Act for 2020. The new budget of 1,986.9 billion CFA Francs ($3.3 billion) is 5.8% higher than the 1,877 billion CFA Francs ($3.1 billion) adopted in 2019.
Budget deficit is expected to be 1.8% of GDP next year, 0.4% down the deficit in 2019. According to authorities, welfare spending estimated at $776 million in 2019, should further increase. “The draft budget is the result of a participatory approach and dedicates a significant improvement in resources for socially sensitive actions,” says the report of the Council of Ministers.
Benin expects GDP growth to reach 7.6% in 2020.
Moutiou Adjibi Nourou
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Egypt Aims to Recover Lost Market Share in Italy’s Seafood Trade
14:40
-
Norway’s Scatec Expands in South Africa with 255 MW Solar Project
14:36
-
GCB Bank Moves into Islamic Finance with New Sharia-Compliant Window
13:42
-
MENA water crisis: Desalination is vital, but not enough
13:12
-
Mozambique Launches Drafting of National Digital Transformation Strategy
12:10
-
Charles Dairo Expands Workflow Automation Tools with Beezop
12:07
-
Birahim Babou Uses mLouma to Modernize Senegalese Agriculture
11:59
-
UN revises Togo population data: implications for economic indicators
11:10
-
Tunisia Launches 192 Digital Projects to Modernize State Services
10:27
-
Lomé to Host First GEN-Togo Business Meeting in March
07:16
Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...
Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...
MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Global South Utilities (GSU) has begun building a 5 MWp hybrid solar plant with 5 MWh battery st...
Egypt moves to increase fish exports to Italy after EU import ban was lifted in 2024. Talks focus on sanitary standards, inspections and export...
Scatec signs private power purchase agreements for a 255 MW solar plant. The Thakadu project marks its entry into South Africa’s wheeling...
MENA holds 46% of global desalination capacity. Water demand could rise 20%–50% by 2050. Desalination costs have fallen below $1 per cubic meter....
Senegal launched phase 3 of the “Sukaabe Jango” program to provide hot meals to 135,424 students in six southern departments. The initiative will...
While Afrobeat has evolved into what is now known as Afrobeats, there is little dispute that the movement was pioneered by Fela Kuti. A musical genius and...
Benin is guest of honor at the 2026 African Book Fair in Paris. More than 400 authors and 150 publishers from 20 countries are expected. The spotlight...