The Central African Republic in search of 24 billion CFA francs to balance its budget
Central African Finance Minister Hervé Ndoba during a press conference in Bangui on May 7, 2022. AFP - BARBARA DEBOUT
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1 min
The Central African Republic voted on Thursday for the amending finance bill, by 127 votes in favor and three against.
The vote on this budget comes in a context of budgetary austerity for the country.
Finance Minister Hervé Ndoba does not hesitate to say it: he needs to find 24 billion CFA francs to complete it.
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With a 14% drop in its resources, the Central African Republic must save money and find funds.
Subject of sometimes “ stormy
” exchanges
in the hemicycle, specifies a publication of the National Assembly.
Non-priority primary spending will be cut by almost half, announced the Minister of Finance.
And for several weeks, the authorities have launched various initiatives to improve the mobilization of domestic revenues: bank reconciliation manual to avoid the evaporation of customs and tax revenues, evaluation mission of the mechanism for combating money laundering, fraud in the administration...
"
We know that we have a significant margin from this point of view
," said Finance Minister Hervé Ndoba.
In mid-July, the IMF considered “
the results obtained under the reference program
” “
generally satisfactory
”.
In addition to the rise in prices linked to the international situation, the Central African Republic is suffering from the drastic reduction in its budgetary support.
Nearly 30% less than the projections for the last fiscal year, according to the great treasurer.
International partners have suspended a large part of their aid, for fear that it will be used to finance the Russian paramilitaries.
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Central African Republic