Public investment increased by 27% in 1st half of 2014

A press release made by the Department of finance in its budget progress has disclosed that the state has spent 500 billion Cfa francs for investments in the country during the first half of 2014.

The statement revealed it has made the cost of expenditure increase to 27% as compared to the same period last year which amounted to 393.2 billion Cfa francs.

The finance department also stated that based on the calculation at the beginning of the year, the budget for public investment has a surplus of 29 billion Cfa francs from the 471 billion Cfa francs granted them.

According to the Government release also, costs incurred were a total sum of 240 billion Cfa francs which is nearly 50% of the funds spent. This has made the performance of the investment equity slightly lower with a declining amount of half a billion Cfa francs since the end of June, 2013.