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Amending Finance Law: budget shortfall still on a downward trend in Guinea

21/09/2022
Categories: Economy/Forex

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On September 14, 2022, the Minister of Finance, Moussa Cissé, and his Budget colleague, Lancinè Condé, before the National Transition Council (CNT) presented the Finance Act corrigendum (LFR).

The law introduced on September 14 acts as parliament and reveals a budget deficit that is still on a downward trend and inflation that is not slowing down. The contraction of the global economy, especially with the slowdown in activities in China and Russia, which are the main mining players in Guinea, has not spared the Guinean economy, hit by cyclical inflation, even if resilient growth oscillates around 5% of GDP

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