Improvement in financial performance in first quarter of 2014

Financial performance of the first quarter for the current year has seen a slight improvement from 43 billion FCFA, PANA learned at the end of a mission evaluation of the effectiveness of initiating execution of the Public Investment Budget (PIB) 2014.

The main objective of the field mission carried out by the Ministry of Economy, Planning and Regional Development was to contribute to the acceleration of the implementation of BIP 2014, at both central and decentralized level.

First, the evaluation of the implementation process of the BIP in 2014, through the process of public procurement at central and decentralized levels, then the effectiveness of developments in computer application Prombmis budget management of State, as prescribed by the circular on the implementation of the budget.

Then monitoring the implementation of the resulting aspirations of grassroots Priority Investment Programme.

Finally, facilitation at the new local committees to monitor the implementation of BIP 2014 relative to Prime Ministerial Decree of 13 September 2013 on the establishment, organization and functioning of committees to monitor the physical and financial execution of the public investment.

This mission, it was found that the end of April 2014 the implementation of the BIP as regards internal resources, has a commitment of 248 990 000 000 FCFA on an allocation of 710 430 000 000 FCFA, a rate of 35%

As for the liquidation, it has 84.14 billion CFA francs, or 12 per cent compared to staffing and 33.80 per cent compared to a poor performance against commitments in the same period last year, due to difficulties in the new system of public procurement and delays associated with the implementation of a new IT application management of public expenditure.

These figures are encouraging, given the period is mainly dedicated to procurement procedures.

It is also proof that there was mobilization of all actors. This led to the rapid launch of implementing the BIP operations in 2014.

As a reminder, the appropriations under the 2014 BIP are 1.150 billion FCFA for commitments and 1,000 billion CFA francs in payment appropriations.

For a total budget of 3.312 billion FCFA for 2014, 1,000 billion FCFA expenditures were actually executed during the first quarter against 957 billion in 2013.