Burkina Faso: Staff Report for 2009 Article IV Consultation, Fifth Review Under the Poverty Reduction and Growth Facility, and Requests for Augmentation of Access and Modification of Performance Criteria
January 7, 2010
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In 2008–09, economic activity in Burkina Faso was negatively affected by the increase in global food and fuel prices, the global economic and financial crisis, and heavy flooding in Ouagadougou in September 2009. These shocks are estimated to have contributed to a deterioration in poverty indicators. Spending on emergency and humanitarian needs rose after the 2009 flooding. Fiscal stimulus measures were also adopted to support economic activity. Executive Directors have welcomed the authorities’ resolve to enhance revenue performance and expenditure management while unwinding exceptional expenditure generated by adverse exogenous shocks.
Subject: Capital spending, Current spending, Expenditure, Public financial management (PFM), Revenue administration
Keywords: authorities development agenda, Burkina Faso's authorities, Capital spending, CR, Current spending, debt indicator, Global, ISCR, poverty reduction spending, PRGF arrangement, price, real gross domestic product, reform, revenue mobilization effort, tax reform strategy, West Africa
Pages:
102
Volume:
2010
DOI:
Issue:
007
Series:
Country Report No. 2010/007
Stock No:
1BFAEA2010001
ISBN:
9781451804010
ISSN:
1934-7685
