Niger passes 2017 budget with small increase over 2016

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NIAMEY Nov 25 (Reuters) – Niger’s parliament has approved a 2017 budget of 1.809 trillion CFA francs ($2.9 billion), a slight increase from the current year’s 1.807 trillion CFA francs.

Lawmakers approved the new budget late on Thursday. A breakdown of the figures provided by the finance ministry on Friday showed expected internal revenues of 1.07 trillion CFA francs, including 1.023 trillion CFA francs from taxes.

External revenues are to bring in 614.4 billion CFA francs while treasury bonds were expected to accrue 124 billion CFA francs.

Expenditures included 1.009 trillion CFA francs in investment spending, 188.4 billion CFA francs to service debt, 261.9 billion CFA francs for staff costs and 129.6 billion CFA francs on goods and services. ($1 = 618.9400 CFA francs) (Reporting Boureima Balima; Writing by Edward McAllister; Editing by Joe Bavier)


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