• Significant increase in public spending, particularly those related to investments.

Evolution of total expenditures and net loans (in billions of FCFA)

Source : MEPD, MFB

In 2021, total expenditures and net loans were executed in a context heavily marked by the Covid-19 crisis. In order to support the recovery of economic activities deeply impacted by the effects of this pandemic and to continue the Government's development objectives aimed at improving the living conditions of the population, measures were adopted. Thus, total expenditures and net loans were realized at 8,102.0 billion (20.1% of GDP) compared to 7,255.1 billion in 2020 (20.0% of GDP).

They include 1,510.0 billion (3.7% of GDP) in operating expenses, 2,171.9 billion (5.4% of GDP) in investment expenses, and 784.5 billion (1.9% of GDP) in interest due on public debt.

In 2022, total expenditures and net loans increased by 1,564.3 billion to reach 9,666.3 billion in order to address new contingencies related to rising prices, security challenges, the impact of the Russo-Ukrainian crisis, the new social truce agreement, and the salary increase for civil servants.

Particular emphasis was placed on investment expenditures, which amounted to 3,140.6 billion (7.2% of GDP). Other expenditure items were contained.

In 2023, total expenditures and net loans amounted to 10,279.4 billion, an increase of 6.3% compared to the 2022 level. This increase was driven by investment expenditures, which reached 3,257.5 billion, corresponding to a rise of 3.7% compared to the 2022 level.

Current expenditures reached 4,992.2 billion, an increase of 4.8% compared to 2022, primarily driven by personnel expenses, which rose by 11.9%.

In 2024, total expenditures and net loans are projected to be 10,896.5 billion, an increase of 6.0% compared to 2023.