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November 20, 2017 3:44 pm

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The Committee on Finance and Budget of the National Assembly has started the first phase of work towards the adoption of the 2018 state budget.

The budget works that began this Monday November 20 was presided over by the Minister of Finance, Alamine Ousmane Mey. The Committee Members deliberated on Bills, notably the first budget law, BILL N° 1017/PJL/AN.

The working session was done behind closed doors. During this time, no Journalist was permitted to enter the House Chamber, so they had to wait for over two hours to get the outcome of the meeting.

 

“We were privileged to present and defend the 2016 Settlement Bill. This Bill recognizes what has been executed in line with the Finance Bill. We had a settlement of 94% of our revenue target, thus 6% below target. We would want to correct it in the future. This Bill had a deficit of FCFA 54 billion, this shows that we had less resources compared to our expenditures last year, but we need to continue to maintain our growth and raise our revenue collection to reach our strategic growth aim of becoming an emerging economy by 2035” the minister of Finance, Alamine Ousmane Mey told Journalists at the end of the working session.

This was the first normal parliamentary session after last Thursday’s incident when 4 floors of the seven storey administrative block of the National Assembly was consumed by huge fire. The Foreign Affairs Commission gets to work later this Monday.

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