Niger: The President of the CNSP signs the ordinance on the Finance Act for the 2024 financial year
The President of the CNSP General TIANI signs the Ordinance on the Finance Law for the 2024 Budget Year. Both internal and external resources of Niger have decreased due to sanctions imposed by sub-regional organizations since the events of July 26, 2023. This necessitates a balanced budget in terms of resources and expenditures for the year 2024.
Brigadier General Abdourahamane Tiani, President of the National Council for the Safeguard of the Homeland (CNSP), signed an ordinance on January 5, 2024, enacting the finance law for the budget year 2024.
The 2024 budget, balanced in terms of resources and expenditures, amounts to two trillion six hundred fifty-three billion four hundred forty million six hundred forty-three thousand eight hundred fifty (2,653,440,643,850) XOF.
This budget is framed in a global context marked by inflationary pressures and the tightening of monetary policies for most central banks, following the Russo-Ukrainian war and the Israeli-Palestinian conflict.
The national context, on the other hand, is characterized by the persistence of illegal and inhumane sanctions imposed by sub-regional and international organizations.
The State budget is built around the macroeconomic objectives set by the CNSP and the guidelines outlined in the framework of the Resilience Program for the Safeguard of the Homeland.
Revenue and expenditures have been determined in reference to the revised macroeconomic and budgetary framework and the updated multi-year budget and economic programming document.
Regarding resources, significant new measures have been adopted to revive the economy and increase the purchasing power of the population.
These measures include support for the private sector, exemptions in the financing of actions of the Solidarity Fund for the Safeguard of the Homeland (FSSP), measures to promote sports, and those related to the fight against tax fraud and evasion.
In terms of public expenditures, 59% of budgetary credits are allocated to the sectors of economic and social development, reflecting the strong determination of the CNSP and the government to alleviate the suffering of the Nigerien population.
Salaries and wages have also seen an increase. This development takes into account the recruitment program planned by the government in priority sectors, including education, health, and other sectoral ministries, to address the decrease in staffing levels in public administrations.
Fayçal BADIE
