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Find all the economic and financial information on our Orishas Direct application to download on Play StoreIn December 2022, the Central Bank of West African States (BCEAO) published a report on monetary policy in Umoa.
The document published by the bank informed that the management of public finances in UEMOA resulted in an increase of $830.3 billion in the budget deficit, including commitments, in the first nine months of 2022, compared to the same P&. Eacute; previous year's period. A en croire la Bceao , “this increased from 4.4% of GDP to 4.8%, due to a smaller increase in revenue than in expenditure. The increase in public revenue (+1,112.2 billion or +9.1%) bears the imprint of increased activity, combined with rising prices.”
Selon la BCEAO, this increase was offset by tax exemptions and relief granted as part of the fight against inflation. Spending increased by 1,942.6 billion, or 12.5%, on the other hand, in connection with measures to combat the high cost of living taken by the Member States and the continuation of investments included in national development plans. The bank adds that “in line with these developments, the stock of public debt issued on the regional financial market has reached 19.764.8 billion at the end of September 2022 compared to 17.193.6 billion at the end of September 2021”.
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