Recul du déficit : symptôme d’une austérité sélective ou stratégie de soutenabilité ?
The Economic Outlook for the second quarter of 2025, published by the Department of Forecasting and Economic Studies, highlights a significant improvement in the budgetary situation. The deficit narrowed to 583.8 billion CFA francs at the end of June, compared to 726.3 billion a year earlier.
This positive development is mainly due to the increase in tax revenues, which reached 2,090.4 billion. The momentum was fueled by improved collection of income tax, corporate tax, domestic value-added tax (VAT) on oil, and the tax on financial activities. This recovery reflects an increased effort to broaden the tax base and improve the efficiency of domestic resource mobilization.
On the public spending side, the increase remained contained, at only 1.2%, reaching 2,809.7 billion. This result is largely explained by a dramatic contraction in domestically financed investments, down more than 51%. This trend illustrates a desire for moderation and a more selective reallocation of spending, undoubtedly prioritizing long-term sustainability over immediate expansion.
The improvement in the deficit thus reflects a shift towards more prudent budgetary management, characteristic of the new regime in place. It remains to be seen whether this financial discipline can be accompanied by a revival of productive investment, an essential condition for transforming the accounting recovery into sustainable growth and job creation.
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