a few days ago, the National Assembly of Benin voted the general budget fiscal year 2021. This budget amounts to CFAF 2,452.2 billion (€3.7 billion). Projected revenues are of the order of CFAF 1,349.9 billion (€ 2.1 billion) and expenditure is CFAF 1,780.23 billion (€ 2.7 billion). The budget deficit (the gap between expenditure and revenue) is expected to be CFAF 430.32 billion , or 4.5% of GDP.

According to the news site Sikafinance, to finance this budget deficit the Beninese State intends to borrow 1,102.28 billion FCFA in 2021. Thus, 802.13 billion CFA francs will be mobilized on the WAMU money market via the issuance of treasury bonds, 176.1 billion CFA francs by project and program loans, 80.21 billion CFA francs in loans from local banks, CFAF 2.84 billion in loans retroceded, CFAF 10 billion in treasury bills and CFAF 31 billion in loan repayment and treasury advances.

These loans will also be used to repay part of the debt of the State of Benin to the tune of 671.96 billion FCFA. It is a question of repayments of treasury bills and bonds maturing in 2021 for an amount of 357.78 billion FCFA, debts contracted with local banks (150.86 billion FCFA), external loans (146.37 billion FCFA), as well as loans and advances (9.04 billion FCFA).