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Mali: 922.111 billion FCFA of revenue mobilized in the first half of 2021

13/08/2021
Categories: Economy/Forex

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Mali's State Budget recorded CFAF 922.111 billion in revenue mobilized in the first half of 2021. Thus, halfway through the execution of this budget, the government has complied with legislative requirements, in particular Law No. °2013-028 of July 11, 2013 relating to finance laws, amended and the code of transparency in the management of public finances.

The revenue mobilized is made up of 447.435 billion FCFA by taxes; 321.055 billion by Customs 275.549 billion by the Treasury and 70.266 billion by the Domains. As of June 30, the total expenditure incurred amounted to 920.730 billion FCFA, or 34.85% of the annual forecast and total revenue to 922.111 billion FCFA, or 44.24% of the annual forecast. The latter were mobilized to the tune of 53.41% by the General Directorate of Taxes, i.e. more than 447 billion FCFA; 37.11% by the General Directorate of Customs (+ 321 billion), 8.11% by the Domains (+ 70 billion) and 1.37% by the Treasury, i.e. 11.835 billion in budget revenue to which must be added 263.71 billion cash receipts. These figures emerge from the state budget execution situation published by the Ministry of Economy and Finance, in accordance with a requirement of the amended finance law and the code of transparency in the management of public finances.

The revenue forecasts entered in the State Budget for this year amounted to 2,155.161 billion FCFA, increased to 2,161.808 billion FCFA, following the signing of Order No. 2021-0962/MEF-SG of March 19, 2021 recording the resources of the "Covid-19 Fund" support fund in the general budget for the 2021 financial year. As for the expenditure forecasts, they amounted to 2,808.088 billion FCFA increased to 2,814.735 billion following the signing of the aforementioned Order. At the national level, the macroeconomic outlook announces economic activity growth of 4.3% in 2021, according to BCEAO estimates. From 0.6% in 2020, headline inflation is expected to stand at 1.7% in 2021, following the recovery of the economy and global energy prices, according to staff projections. IMF and national authorities.

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