The transitional authorities is under no circumstances accountable!

The Minister of Economic system and Participations, Mays Mouissi, clearly affirmed this Thursday that Gabon’s over-indebtedness, 70.5% of GDP, effectively past the CEMAC customary, is completely not the fault of the authorities of the transition and particularly not throughout these final six (6) months.

Based on Mays Mouissi, this example is attributable to the fallen regime which didn’t talk to the Bretton Woods establishment the figures which mirror the fact of Gabon’s total debt, thus distorting the statistics and the calculation of the debt (inside and exterior). ) of Gabon by the Worldwide Financial Fund.

Quite the opposite, “because of the will of the brand new authorities to offer better transparency, on the sidelines of the annual conferences of the IMF and the World Financial institution, held in Marrakech in October 2023, the transitional authorities requested IMF officers to speed up the progress of a mission in Libreville concerning the nation’s debt »revealed the Minister of the Economic system and Participations.

Mays Mouissi, Minister of Economic system and Participations © Gabonactu.com

It was exactly on the finish of this mission and the ensuing report that Gabon’s public debt appeared in all its proportions. A debt established in 2022, in accordance with figures revealed by the Normal Debt Directorate (DGD), at greater than seven thousand 100 (7,100) billion CFA Francs, or 70.5% of GDP on the finish of December 2023, largely at -beyond the principles of monetary and budgetary convergence within the CEMAC space.

In a really brief time, underlines the DGD, the State needed to settle throughout 2024, virtually one thousand (1000) billion CFA Francs of this debt, 991.8 billion, specify the identical sources.

The IMF report was due to this fact meant to assist the transitional authorities take inventory of the general public finance state of affairs till 2023 and due to this fact, “opposite to what’s stated, Gabon’s debt has not exploded in 6 months of transition”insisted the federal government member, bolstered on this place by the Resident Consultant of the IMF in Gabon, Agou Gomez.

Defending himself from wanting to offer the impression of a battle of numbers, Mays Mouissi as an alternative most popular to emphasise “on the views and reforms regarding the mandatory improvement of a rustic the place every little thing must be rebuilt with comparatively restricted budgetary margins”he assures.

The member of the federal government notes this prevalence, “the dynamic pushed by the monetary authorities of customs and taxes which has resulted since September 2023 in outperformance in comparison with the forecasts of the 2023 finance regulation and even in comparison with the targets of the 2024 funds. In sure customs positions, revenues have even been multiplied by 10”is happy Mays Mouissi.

“Optimization of knowledge programs and digitalization; bettering public finance administration by integrating all revenues and funds into the one treasury account; in addition to the creation of a Normal Directorate of Participations to assist the federal government monitor State participations” additionally take part on this dynamic, concluded the Minister of the Economic system and Participations.

Féeodora Madiba