budget
budget

Benin’s government has adopted the 2016 state budget of 1,552 billion CFA Francs (over 2.6 billion U.S. dollars) against a sum of 1,507 billion CFA Francs in 2015, a three percent increase, Economy and Finance Minister Komi Koutche announced Tuesday.

budget
budget

The minister who was speaking in Benin’s commercial capital, Cotonou, said the 2016 budget will focus on structural reforms and promotion of entrepreneurship.

“It’s a budget that is dedicated to reduction of infrastructure deficit, especially in the area of electricity, agriculture, transport and ICT,” he said.

This budget, the minister continued, will equally focus on reinforcing education and health sectors.

Koutche said the 2016 budget will seek to increase Benin’s economic growth to 5.8 percent against 5.2 percent in 2015, and keep the inflation rate at 1.2 percent which is below three percent in the sub-region. Enditem

Source: Xinhua

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