On Wednesday, December 20, 2017 the National Assembly met for its budgetary ordinary session at Palais des Congres in Brazzaville. The session started last October 15, 2017 and was devoted to the review and adoption of five items, among which : review and adoption of the reportof the Economic ,Financial and budget execution control Committee on the amended finance Act bill for the year 2017 and that of the report of the same Committee on the review and adoption of the bill on the state budget regulation Act for the year 2016.
The bill on the amended finance Act for the year 2017 was backed up by the Minister of Finance and Budget, honourable Calixte Nganongo, and had been adopted unanimously after being amended. In terms of expenditure and revenue, the budget amounted to 1,513 billion 285 million CFA francs.
Yet, the overall readjusted budget amounts to 1,243 billion 300 mil-lion CFA francs in terms of revenue and to 1,498 billion 537 million CFA francs in terms of expenditure, which then results in an overall budgetary balance deficit amounting to 255 billion 237 million CFA francs, which will be financed with the cash flow surplus
The cash surplus comes from the level of cash flow and amounts to 635 million 49 million CFA francs.
As for the bill on the state budget regulation Act for the year 2016, which was backed up by the Minister of Finance and Budget, it had also been adopted at the plenary session.
The budget had been set for an amount of 2,156 billion and 468 million CFA francs in terms of revenue and for an amount of 2454 billion 717 million CFA francs in terms of expenditure. It resulted in an estimated deficit of 298 billion 249 million CFA francs to be financed with the cash flow surplus related to cash expenses.
Press department of the du Ministry of Finance