The Minister of Finance has just presented new guidelines to financial state institutions so to improve the implementation of this year’s finance law, ahead of the official opening of the budget upcoming January 16.
The 2024 budget, which amounts to F6,740.1 billion, must be implemented carefully and realistically. This is what is suggested by the Minister of Finance, Louis Paul Motaze. Published on December 29, his not stresses, for example, that “the government will continue to implement reforms aimed at the rationalisation of public spending. In this respect, the coherence between the pace of expenditure and the collection of revenue will have to be ensured by means of planning and anticipation of expenditure. Budgetary discipline will continue to be ensured by respecting allocated budgets, limiting unforeseen expenditure and restricting the use of exceptional procedures”.
Minister Louis Paul Motaze explained that the mobilisation of tax revenues takes into account the need to find new resources to finance the national development strategy, while giving priority to economic recovery, in order to enable the financial districts and the actors involved to better understand and implement the budget. “In this sense, the tax policy will make it possible to increase the level of domestic non-oil revenue mobilisation in order to increase the budgetary space necessary for the financing of public expenditure”. These include for instance a 5% tax on income generated by individuals selling goods or services through digital platforms.