The government's option to use bonds, which is a procedure of calling on the savings of companies and households, is not realistic," said Friday the executive secretary of the Center for Studies and Applied Research Hermann Doanio.

According to Mr. Doanio, the economic recession due to Covid-19 will affect the turnover of companies and the purchasing power of households.

"This situation could seriously hamper the government's resource mobilization operation through the bond mechanism," explained Hermann Doanio.

The Executive Secretary of CERA-FP was speaking at the presentation of a study on the "Citizen Analysis of the 2020 Amending Finance Bill", conducted by its association in collaboration with spong, ORCADE, the European Union  and Oxfam Burkina.

In recall, the amending budget adopted yesterday Thursday in the National Assembly, amounts to 2,038.85 billion CFA francs and 2507.62 billion CFA francs in expenditure, i.e. a deficit of 468.778 billion CFA francs.

In Hermann Doanio's opinion, "it would have been wiser to contract certain lower-priority budgetary expenditures in order to significantly reduce the financing requirement".

To fill the gap, CERA-FP recommends, among other things, the abolition of the acquisition of vehicles to the tune of 1.2 billion CFA francs and support for cotton companies for an amount of 12 billion CFA francs.

The association also wanted the abolition of the budget line of 3.06 billion FCFA in favor of the realization of the Tengandogo Radiotherapy Center as part of the response against Covid-19.

Agence d'information du Burkina