The draft amended Finance Law (LFR 2021) adopted on Thursday by the Council of Ministers is fixed at 3,170.4 billion FCFA in revenue and 3,987.5 billion FCFA in expenses. This document reviews the growth rate downwards. The 2021 Amended Finance Bill allocates additional resources to the Employment, Health and Energy sectors and establishes a tax on food stocks. In absolute terms, it has a budget deficit of 817 billion FCFA, an increase of 73 billion FCFA, or 5.4% of GDP. This deficit will be financed to the tune of 556 billion FCFA through drawings on project loans, program loans for 105 billion FCFA and other net loans for 156 billion FCFA

The LFR allocates an increase in the budget of the Ministry of Health and Social Action in the amount of 40 billion FCFA, with funding from the World Bank (including a 50% grant component). It allocates additional financing to the energy sector, following the rise in world oil prices (tariff compensation and trade losses), for an amount of 64 billion FCFA, in addition to the 46 billion FCFA already planned in the LFI 2021, for a total of 110 billion FCFA”. He is also counting on “exceptional revenues” of the order of 60 billion FCFA, expected from the land transfer program in the Léopold Sédar Senghor Airport area