The minister of finance and economics affairs Seedy Keita has told lawmakers that the country’s total expenditure and net-lending are projected to increase by 13.5 percent, rising from D31.18 billion in 2022 to D35.41 billion in 2023.

“This increase is mainly driven by increases in other expenditures, which are  projected to increase by D3.77 billion in 2023 (or 13% growth). 

“Personnel emolument expenditures, which are part of other expenditures, are projected to increase from D5.75 billion in 2022 to D6.14 billion in 2023,” he said.

“This increase is as a result of the assumption of the payment of hardship allowances for teachers in Lower Basic Schools (previously paid by the World Bank), payment of Allowances to Election Officers for the upcoming local government elections, personnel costs for the National Assembly, as well as yearly increments based on promotions.

“Other Current (OC) Expenditure is projected to increase to D13.27 billion in 2023, representing a 25 percent increase in comparison to 2022. 

“This increase is mainly stimulated by projected expenditures on subventions for the Ministry of Basic and Secondary Education and the health sector. 

“Capital expenditure is expected to increase slightly by 6 percent to D12.70 billion in 2023, mainly as a result of the suppression of expenditure on road projects in 2022,” he added.

Reporting by Adama Makasuba