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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.


Tags: Government


About the Author


Healy Consultants Group PLC

Since 2003, Healy Consultants assists international Clients with company incorporation services worldwide. Our services include: company registration, opening of corporate bank account, accounting and tax services, legal services, jurisdiction comparisons...more.

To inquire more information about global business set up; call us on +65 6735 0120 or email us at email@healyconsultants.com

 

 

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