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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe Ministry of Finance indicated on its website on Wednesday that the government of Guinea-Bissau is committed to devoting 27.1% of its general budget to the social domain.
Guinea-Bissau's 2022 budget devotes a good part of the expenditure to the social component. Thus, 14% will go to education, or more than 29 billion CFA francs (50 million dollars) and 10% to health, or more than 22 billion CFA francs (38 million dollars). The country has planned to spend 246 billion FCFA ($424 million) with a deficit of 72 billion FCFA ($124 million) for this year. The other sectors where the State has decided to invest more include road infrastructure, in cooperation with the Arab Bank for Economic Development in Africa (BADEA), with, for example, the construction of a ring road in the south of the capital. , Bissau, which should start this quarter.
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