On Wednesday, October 16, 2024, under the presidency of His Excellency Mr. Alassane Ouattara, President of the Republic and Head of State, a Council of Ministers was held at the Presidential Palace in Abidjan. During this session, the Council approved a draft law concerning the settlement of the state budget for the fiscal year 2023, accompanied by a report on the budgetary management of the past year.
The budget, initially set at 11,694.4 billion CFA francs, was re-evaluated to 12,612.9 billion CFA francs, due to adjustments required by the evolution of public finances and the necessity to carry out certain priority operations. At the close of the 2023 budgetary exercise, final revenues amounted to 11,831.2 billion CFA francs, representing a collection rate of 93.8%. Expenditures, on the other hand, totaled 11,792.6 billion CFA francs, corresponding to an execution rate of 93.5%. Despite a deficit of 3,110.7 billion CFA francs compared to own resources, this was covered by cash operations, the net balance of which allowed for a surplus of 38.6 billion CFA francs, despite a particularly complex international context.
In terms of program execution, the 2023 fiscal year shows notable results, with an achievement rate of objectives at 85.4%, an improvement compared to previous years (85.2% in 2022, 82.1% in 2021, and 73.7% in 2020). These satisfactory results received the approval of the Court of Auditors, which issued a general declaration of compliance, thus validating the entire budget execution and the performance of the programs.
This budgetary report demonstrates Côte d'Ivoire's ability to maintain sound and effective management of its public finances while pursuing its development objectives. The control of expenditures and the effective mobilization of resources confirm the country's economic resilience in the face of complex international challenges and strengthen its credibility on the regional and international economic stage.
Source: CCM of October 16, 2024, Web Portal MEPD Writing
