While the revenues generated by the Mali Government slow down, its business scene is moving further ahead
Healy Consultants Group PLC
20 May, 2016
Government revenues remain an important factor for the economy of Mali. Unfortunately for Mali, the government revenues for 2016 are expected to drop significantly despite its growing trade deficit. Earlier this year, the Government announced a simple target CFA 1.828 trillion in total revenues, which is a sharp decline of almost CFA 26 billion.
The IMF is more optimistic towards Mali's GDP growth. It is forecast to reach almost 5.3%, a number which Healy Consultants expert on Africa, Mr. Petar Chakarov considers very high. "I believe 5.3% GDP growth for Mali will be an astounding achievement, taking into consideration the recent terrorist attacks and overall lack of trust in the Government sector. This said, the country boasts strong agriculture performance which is welcomed by international business" said Mr. Chakarov in May.
One of the most important recommendations given by the IMF is to amend the finance law, which seeks an increase in tax revenue of 0.75 percent of GDP, and an overall budget deficit of 4.25 percent.
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