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Côte d'Ivoire: 10 companies have a deficit at the end of 2020

18/06/2021
Categories: Economy/Forex

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For a cumulative loss of 56.6 billion FCFA, 10 companies in Côte d'Ivoire have a cumulative projected deficit of 26.4 billion FCFA.

At the end of December 2020, the global resources mobilized by National Public Institutions (EPN) amounted to 540.7 billion, with an annual forecast of 577.8 billion, representing an achievement rate of 93.6%. Expenditures executed by EPNs, over the year 2020, total 481.8 billion, with an annual forecast of 577.8 billion, i.e. an implementation rate of 83.4%, higher than that of 2019 (80.4%). It should be noted that ten (10) companies reported a deficit at the end of 2020, for a cumulative loss of 56.6 billion FCFA against a cumulative projected deficit

of 26.4 billion FCFA.

The budget allocated to EPNs for fiscal 2020 is balanced, in resources and jobs, at December 31, 2020, at 577.8 billion. It increased by 36.8 billion compared to the initial budget, due to budgetary changes made during the year, mainly in favour of the Youth Employment Agency (AEJ) to the tune of 20.3 billion and the Institut National Polytechnique Felix Houphouët-Boigny to the tune of 4 billion. This EPN budget constitutes 9.9% of the State's 2020 budget (excluding public debt and special Treasury accounts

).

At the end of 2020, despite this difficult context caused in particular by the COVID-19 pandemic, public companies maintained the good momentum observed in recent years in terms of their earnings, with growth, at a constant perimeter, of 94% of the consolidated provisional net income, to 55.5 billion FCFA against 28.6 billion FCFA in 2019. The good performance achieved in 2020 was mainly driven by State Corporations, with an estimated achievement of 42.5 billion FCFA, i.e. an achievement rate of 83% compared to the fiscal objectives for the year. The surplus observed at the level of State Corporations is driven by the companies BNETD (26.8 billion FCFA), SODEMI (17.1 billion FCFA), PAA (8 billion FCFA) and ANSUT (5.8 billion FCFA)

.

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