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Public finances: a budget deficit of 506.26 billion CFA francs recorded in Benin

17/07/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The 2022 End-of-Year Report of the Ministry of Economy and Finance (Mef) mentions that the gross budgetary revenues mobilized stood at 1,694.261 billion CFA francs in 2022, while the level of expenditure organization was 2,200.52 billion CFA francs.

Le déficit budgétaire dégage un solde négatif d' exécution de 506.258 billion F CFA against an updated forecast deficit of 636.84 billion F CFA and a negative balance of 401.001 billion F CFA in 2021. According to the Directorate-General for Budget Budget (Dgb/Mef), the positive difference of 130.58 billion CFA francs compared to forecasts is explained by “the effectiveness of the budgetary policy implemented since 2016 through the review of public expenditure and the increase in resources for mobilizing budget revenues”. The budget deficit stood at 4.67% of the gross domestic product (GDP) estimated at 10 838.35 billion CFA francs

in 2022.
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