The Mauritanian government expects that the country’s economy will achieve a growth rate of 2.28%, as of the fiscal year of 2021.
The Mauritanian Finance Minister, Mohamed lemine O. Dheby, said on Wednesday that the draft finance law of the country’s 2021 budget, which was approved by the cabinet, aims at achieving a growth rate of 2.28% in gross product, compared to a contraction rate of 3.2% this year.
He pointed to the balance of the current draft finance bill in revenues and expenditures at an amount of 70 billion ouguiyas (1euro equals 43,89 ouguiya). It represents a slight decrease of 0.04% compared to the revised finance law of 2020 and an increase of 16.4% compared to the original finance law of the same year. He added that the total budget revenues are expected to move from 51.796 billion ouguiyas in 2020 to 60.776 billion in 2021.
The minister indicated that the inflation rate is expected to be at 4%, the budget deficiency will be at 11%, debt interests will record significant increase, especially external debt, as it would move from 1.3 billion ouguiyas to 1.91 billion.
He stressed that this law would boost the application of tax collection and sustainability policies to expedite the pace of growth and promotion of justice and incentives. He confirmed that the management budget would reach 40.5 billion ouguiyas, while investment budget is estimated at 24.5 billion, 20 billion of which funded by the country, the remaining is from other funds.
