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National Assembly: the State budget for 2023 and its fiscal schedule adopted unanimously in committee

The examination of the draft bill on the State budget for Year 2023 by the Economic and Financial Affairs Committee (EFAC), on the presentation of the Minister of Budget and State-owned entities, Moussa Sanogo ended in the night from Thursday, November 10th to Friday, November 11th, 2023.

After four days of intense work marked by the parade of government members to the hemicycle to request validation of the financial allocations of the various ministries, the draft budget of the State 2023 and its fiscal annex were adopted unanimously. The draft budget is balanced in resources and expenses at 11694.4 billion CFA francs, recording an increase of 18.4% compared to 2022. According to the explanatory memorandum, it should enable the implementation of the State's economic and social development policy.

After four days of intense debate marked by the presentation of members of the government in front of the assembly to request the validation of the financial allocations of the various ministries, the draft budget of the State 2023 and its fiscal schedule were adopted unanimously. The draft budget is balanced in resources and expenses at 11694.4 billion CFA francs, recording an increase of 18.4% compared to 2022. According to the explanatory memorandum, it should enable the implementation of the State's economic and social development policy

At the end of the session, Minister Moussa Sanogo did not hide his teams’ joy on the adoption of the draft budget of the State for Year 2023, reward of long & hard labor. He was especially pleased with the quality of interactions with the national representation, marked by rich and productive debates, relevant proposals, and appropriate remarks. "We can be proud of the additional transparency introduced by the budget program. Because this management method allows parliamentarians to have in-depth discussions with each member of the government, so as to convey the concerns of the people and suggest ways to improve the government," explained the Minister of Budget. He assured that in the execution of the 2023 budget, "special attention will be placed on the respect of the budgetary discipline, through strengthening prior control and monitoring the absorption of budgetary appropriations for investment."

Before the vote on the draft State budget for Year 2023, the draft fiscal schedule 2023 - presented by Minister Moussa Sanogo - was unanimously adopted by the EFAC deputies.

Among the measures to support the economy, he cited the adjustment of the minimum investment threshold required to benefit from the tax reduction on profits, which is reduced to 25 million for SMEs instead of 100 million CFA francs. A second measure relates to the adjustment of the area covered by the audiovisual communication tax to be paid by operators of television packages that broadcast advertising from foreign channels on Ivorian territory. From now on, the applicability of this tax (20,000 CFA francs per hour of advertising broadcast) will be limited to advertisements broadcast by foreign channels belonging to the same group as these companies.

Regarding measures to strengthen the collection of tax revenues, Moussa Sanogo explained that one of the main concerns lies in the adjustment of provisions relating to excise duties on tobacco products, whose overall tax rate is increased from 47% to 48% of the selling price. A second measure authorizes the tax authorities to extend the system for monitoring communications flows (already in place for telephone operators) to electronic money activities, in order to obtain data on operators’ returns in the sector. Also, a third measure institutes fees and fines for the management of public roads, in order to punish acts of degradation of road infrastructure and to provide resources for their maintenance and preserve their quality.

In the last wave of measures taken, those known as rationalization of the tax system, Moussa Sanogo mentioned the development of rules to determine the transport allowance of the tax on salaries, the adjustment of the provisions relating to the lack of initial withholding, subject to a fine whose reduction is proposed. Two other measures concern the reinforcement of tax control digitalization, the reduction of the airport tax and the adaptation of the tax system to the community legislation and to the international directives.


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