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Mali: The 2020 Corrected Finance Bill adopted

01/03/2021
Categories: Economy/Forex

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The draft law correcting Ordinance No. 2020-001/P-CNSP of September 4, 2020, amending Act No. 2019-070 of December 24, 2019, establishing the Finance Act for the financial year 2020, was adopted during the plenary session of February 25,

2021.

Presented by the Minister of Economy and Finance Mr. Alousséni SANOU, the budgetary and financial balance of Law No. 2019-070 of 24 December 2019 on the Finance Law for the financial year 2020 was modified by adjusting the forecasts of State resources and charges.
These are: the net decrease in budgetary revenues of 74.201 billion FCFA (resulting from new revenues of 225.379 billion FCFA and a decrease in existing forecasts of 299.580 billion FCFA); the net increase in cash resources of 146.049 billion FCFA (resulting from new resources of 228.249 billion FCFA and the reduction of existing forecasts of 82.200 billion FCFA); the net increase in budgetary expenditures of 222.408 billion FCFA (resulting from additional expenses of 372.408 billion FCFA and the reduction of existing forecasts of 150,000 billion FCFA); the reduction in cash expenses of 15.630 billion FCFA

.

Budget revenues were set at 2,107.627 billion FCFA against 2,181.828 billion FCFA provided for in the initial Finance Law. Expenditures amounted to 2,826.976 billion FCFA compared to 2,604.568 billion FCFA in the initial Finance Act, an increase of 222.408

billion FCFA.
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