The Mauritanian Parliament Approves the Budget of 2020

  • Nouakchott, Islamic Republic of Mauritania
  • 20 December 2019

The Mauritanian parliament approved the budget for the next year, which 84 deputies voted for, while 13 rejected it and one member abstained from voting, out of the 108 deputies who participated in the process, while 49 of them were absent from the session.

The government announced that this budget aims to achieve a real growth rate of GDP of 6.3 percent, and to set the inflation rate at 3.5 percent on the annual average. The budget also aims to provide a comfortable level of official reserves, which was estimated by 5.7 months of imports of goods and services. The expected resources for next year's budget are 60 billion and 330 million and 316 thousand ounces (1.62 billion dollars, one dollar equals 37 ounces), where 33 billion and 114 million and 417 thousand ounces were allocated to public authorities and the administration of departments, whereas it assigned 3 billion, 276 million and 300 thousand ounces for the performance of public debts, it also allocated the same amount for interest payments on loans. The volume of investment expenditures reached 23 billion 42 million and 500 thousand ounces.

The draft budget law shows an increase in the current management expenditures for the year 2020 compared to the amended Finance Law for the year 2019 by 3 billion 341 million and 971 thousand ounces, or 11.23 percent.

Source (The New Arab Newspaper, Edited)

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