The expected consequences of this pandemic on the economy are :
– Reduction of the growth rate from 6.3% to 2% in 2020;
– The drop in public revenues, estimated at 306 billion FCFA (511,102,620.00 USD), representing a budget deficit of 5%;
– A general slowdown in economic activity across all sectors, resulting in cash flow pressures for the State.
Faced with such a situation, the government has been instructed to draw up a rectifying finance bill that will take into account the urgent need to review our priorities, in order to meet the following objectives:
– Supporting healthcare provision;
– Ensure the country’s economic recovery;
– Guarantee budgetary sustainability.
This rectifying finance law will take into account the emergency measures required by the situation in several vital sectors of national life.
