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Guinean economy: the government presents its projected budget for the period 2024-2026

23/08/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Guinean government is giving priority to capital expenditure by presenting its projected budget for the next three years.

According to the authorities, the projection made by the Government of Guinea reflects the State's commitment to finance infrastructure and strengthen the country's economy. In fact, the government plans to allocate 58,986.39 billion Guinean francs ($6.8 billion) over the period of 2024-2026 to capital expenditure out of the total projected budget of 132,604.59 billion Guinean francs ($15.4 billion) according to a statement from the Ministry of the Economy published on

August 19.

This projection will aim to “reduce the infrastructure and equipment deficit” in the country. Approximately 54% of them will be financed by domestic resources” according to Moussa Cissé, Minister of Bookman Old Style”, "serif">Economy.

During the presentation of the Multiannual Budget Programming Document (DPBP) 2024-2026, the minister indicated that this capital expenditure is projected at 17,400.15 billion Guinean francs for the year 2024, an increase of approximately 10.58% compared to 2023.
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