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Reflection on the integration of investments in the State budget

19/10/2020
Source : lefaso.net/
Categories: Economy/Forex

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The public management and statistics support program (PAGPS) held this Monday, October 19, 2020 in Ouagadougou, a workshop to reflect on the integration of public-private partnership (PPP) investments in the state budget. . Chaired by the project director, Halidou Ouédraogo, this workshop aims to enable the various actors in the departments and structures to master the management of public-private partnerships (ppp).

To promote development in Burkina, the authorities adopted in 2016 the national economic and social development program (PNDES) for the period 2016-2020 which aims to achieve an average annual growth rate of 7.7% of the GDP over the period, by increasing investment in key sectors of the economy to meet basic needs, including social and economic infrastructure.

With a view to a significant increase in investment in the sectors of the economy, the government has decided to use innovative investment financing mechanisms, in particular through public-private partnership, which makes it possible to increase public investment and to give people the opportunity to enjoy it without this immediately increasing the State's debt in terms of repayment.

The project director, Halidou Ouédrago

According to project director Halidou Ouédraogo, “this new approach to budget management facilitates the multi-year programming of public investment expenditures by securing their financing and making the State budget a real development tool. Some ppp contracts have been executed but there remains a challenge to be met, which is the translation into the state budget. This workshop therefore aims to improve knowledge of the notion and concept of ppp according to the different schools of thought in the matter and to share the experience of the actors on the criteria for eligibility and registration of investment projects in general. , and in particular ppp projects in the GDP and in the finance law”.

As a reminder, the public-private partnership (ppp) is a method of managing investments by which a public authority calls on private service providers to finance, carry out and manage investments (infrastructure and other public works, etc.). In return, the partner receives a payment from the public partner or the users concerned.

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