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  • State budget has significantly increased since 2012.

Source: MEPD/DGE, MFB

Significant increase in the state budget, which has approximately tripled in a decade to meet social needs and infrastructure development.

 

Budgetary Policy

The budgetary policy of the Ivorian government aims to improve the living conditions of the population. To this end, expenditures are primarily directed towards social needs and infrastructure development while maintaining the viability of public finances.

In this context, the state budget has more than tripled in a decade, rising from 4,259.1 billion FCFA in 2014 to 13,720.7 billion FCFA in 2024.

The budget deficit has remained on average below the UEMOA community threshold of 3% until the end of 2019.

The onset of the coronavirus pandemic, the war in Ukraine, and the challenges related to rising prices and security issues have led to larger deficits starting in 2020. Thus, the budget deficit was recorded at 5.6% of GDP in 2020, 5.4% in 2021, and 7.4% in 2022.

However, the budget deficit is expected to improve, decreasing from an estimated 5.7% of GDP in 2023 to 4% in 2024, reaching the convergence target of 3% in 2025.

The continued improvement in tax revenue collection and ongoing control of operating expenses should provide the necessary budgetary space for financing public investments and social expenditures. Additionally, the analysis of debt sustainability indicates that the risk of over-indebtedness for Côte d'Ivoire remains moderate.

 

 

Source : MEPD/DGE, MFB

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