Gov’t Spending Drops by FCFA 100bn
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| Minister of Finance, Louis Paul Motaze |
According to figures from the Ministry of Finance, MINFI,
government spending dropped by about 100 billion in the first quarter of the
budgetary year 2018.
Total
government spending stood at fcfa 448.8 billion at the end of March 2018 (first
quota). This showed a drop of fcfa 100 billion relative to the projections in
the budget.
It was
projected in the 2018 state budget that 548.9 billion would be spent for
running expenses by March 2018. But according to the report of the execution of
the 1st quota of the budget published recently by the MINFI, only about 448.8
billion was spent during this period. This represents a rate of realization of
81.8%.
This
drop in government spending in the first semester of the current year is
explained by the fact that disbursements for the purchase of goods and services
amounted to just 99.8 billion, down from the 197.6 billion projected in the
state budget. This gives a percentage execution of 50.5%.
Also,
the amount spent on transfers and pensions amounted to 90.1 billion, down from
95.3 billion projected in the state budget. This gives a percentage realization
of 94.5%.
As for
spending on investments, it came up to 260.5 billion by 31 March 2018, down
from 263 billion at about same period last year. This gives a drop of 3.1
billion (-1.2%). It should be noted that 322.8 billion was budgeted for
investments in the first quota of the budgetary year. Thus 62.3 billion less
was spent for the purpose, giving a realization rate of 80.7%.
However,
unlike for other expenditure heads, the spending on salaries of state personnel
in the 1st quota of 2018 witnessed a rise compared to the amount spent in the
same period in 2017. By March 31, 2018, 258.9 billion had been spent on
salaries, up from the 277.6 billion in the same period last year. This shows an
increase of 31.3 billion. It also shows an increase by 2.9 billion compared to
the budget prevision for this period.
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