Economy

Government to develop new strategies to avoid overspending, says economic expert

Prosper Niyoboke, Dean of Faculty of Economic and Administrative Sciences and Management at the University of Lake Tanganyika says the country has to draw up some strategies to find solutions to the budget deficit.

Prosper Niyoboke: “Small scale enterprises must have access to small preferential rate to allow them to get credit and inputs”

Prosper Niyoboke: “Small scale enterprises must have access to small preferential rate to allow them to get credit and inputs”

He refers to the warning of the corruption watchdog-OLUCOME stating that the current expenses are higher than revenues. According to Gabriel Rufyiri, the chairman of OLUCOME, revenues are estimated at more than BIF 850 billion and expenses at over 860 billion.

He says the state budget responds to the personal concerns of the leaders instead of solving the problems of the population. OLUCOME chairman says he is surprised to hear the government’s plan to finance its investment projects through internal resources. “It is a budget of consumption instead of a budget of investment,” he says.

For the economic expert, the country must improve the growth sector namely the agriculture and industry by granting facilities to entrepreneurs and by doing a follow-up of their activities”, he says.

Niyoboke also says the government must set up new strategies to fight tax evasion and increase the production. “Small scale enterprises must have access to small preferential rate to allow them to get credit and inputs”, he says.

OLUCOME chairman calls for political stability, the drawing up of a budget on the basis of the Burundian realities, combating unemployment and controlling the population growth. The annual state budget is estimated at BIF 1.388,174 billion. External aid is estimated at BIF 372.250 billion.

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