The Minister of Economy and Finance Alousséni Sanou
Mali‘s internal debt continues to grow. As of December 31, it will reach the sum of 3,813 billion FCFA, or 56.6% of the country’s public debt. This Thursday, October 17, 2024, during a meeting with economic operators, the Minister of the Economy and Finance gave good news concerning the domestic debt.
“When you go into debt, you have to pay,” indicated the Minister of Economy and Finance, Alousseni Sanou. Alongside his counterpart from Industry and Commerce, and in front of economic operators, Minister Sanou announced the payment of 200 billion FCFA of the domestic debt. Today, Minister Sanou regretted, there is “no budgetary support” from outside. A situation which creates a huge budget deficit (682 billion in 2024).
“The 200 billion will make it possible to restore the cash flow of companies,” welcomed Moussa Alassane Diallo, Minister of Industry and Commerce. The sum will also allow, according to Minister Diallo, economic operators to pay the banks’ bills. At the national level, “this payment decision will revive Mali’s economic machine,” assured the Minister of Commerce.
Payment of the sum of 200 billion FCFA begins this week of October 21. It will continue until the end of December 2024. According to the president of the National Employers’ Council of Mali, the payment is good news for entrepreneurship and investment. “ That the debt be completely paid off so that companies can go from 1,000 billion in taxes to 10,000 billion FCFA”, wished Mossadeck Bally.
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