The Burkinabe Prime Minister Christophe Joseph Marie Dabiré indicated Tuesday, May 19, 2020 to the hemicycle, that despite the difficult context in which the National Plan of Economic and Social Development (NPESD) is being implemented, one of the aspects that undeniably attests to Burkina Faso’s strong resilience is the stability of economic activity.
To support his point, the Prime Minister explained that in 2019, the economic growth rate was 5.7%. This rate, slightly lower than in 2018, remains one of the highest in the sub-region. It reflects the competitiveness of our economy, and justifies at will, the confidence that partners and the private sector continue to place in our country.” It has moreover specified that the number of enterprises created at national level has experienced an increase of 5%. Similarly, the inflow of foreign direct investment increased slightly compared to the previous year.
According to Mr. Dabiré, the confidence placed by the private sector and development partners in our economy is also the result of its sound management. Thanks to the control of public spending and the good performance of tax revenues, up 17.3% compared to 2018, we have put under control the budget deficit which was for the first time, since 2016, contained at 3% of GDP. This is the result of measures taken to contain unproductive spending,” he told members of parliament.
The results achieved in 2019 in mobilizing external resources are also a reason for satisfaction. Disbursements for budget support totalled 192 billion CFAF, representing 93.4% of the forecast. As for project support, the disbursement rate was 97%, amounting to just over 292 billion CFAF. This is proof of the effectiveness of our financial diplomacy.