Country Report Burundi February 2011

Economic policy: Budget for 2011 envisages higher spending than last year

The minister of finance, Clotilde Nizigama, presented the 2011 budget to the National Assembly on December 29th, which approved it unchanged soon after. The budget envisages spending of Bufr1trn (US$832m), 19% higher than the spending forecast in the 2010 budget (February 2010, Economic policy). Ms Nizigama told the Assembly that she had budgeted for Bufr432.6bn in domestic revenue this year, a hefty 26.4% up from Bufr342bn earned by the state in 2010 (which was Bufr17bn lower than had been estimated), showing considerable, but perhaps misplaced faith in the effectiveness of the recently established Office Burundais des Recettes (OBR; see The domestic economy). Ms Nizigama said she anticipated that 51% of total revenue would come from donors, with grants totalling Bufr469.1bn, an improbable 31.4% higher than the Bufr357bn budgeted for 2010.

Budget
(Bufr bn)
 2011201020092011/10, % change
Revenue92772970327.2
 Domestic revenue43335935420.5
  Fiscal40733231222.7
  Non-fiscal2528322-10.0
Grants46935735831.4
Expenditure1,02686281919.0
 Recurrent expenditure573-420-
 Capital expenditure454-399-
Financing requirement99133116-25.7
Source: Ministry of Finance, Economist Intelligence Unit

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