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Finance law 2023: a budget of 3033.337 billion FCFA approved in Benin

06/12/2022
Categories: Economy/Forex

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On Thursday, December 1, the Beninese National Assembly adopted the 2023 general state budget for management. It balances resources and expenses at 3033.337 billion FCFA, a first under the regime of Patrice Talon.

The 2022 amending budget law amounted to 2.956,661 billion FCFA francs. Compared to the new law passed, there is an increase of around 16%. In fact, the government wants to devote more resources to social spending.

So more than 1 trillion CFA francs are reserved for social actions. He wants to continue the implementation of the Insurance for the Strengthening of Human Capital (Arch) and the expanded social safety net program and also promote lightweight care systems for vulnerable people and support income-generating activities for orphans and vulnerable children, as well as people living with HIV and AIDS.

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