Thursday, 24 July 2014

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Mauritanian Parliament passes budget

 The Mauritania National Assembly on Sunday passed the 2012 draft finance law, fixing the state budget at 466.440 billion ouguiya, or about 1.6 billion US dollars.

The expenses of the state budget, including the Consolidated Investment Budget, amounted to 335.410 billion ouguiya, or 1.3 billion US dollars, while expenses on external resources are estimated at 120 billion ouguiya, or 430 million US dollars.

The document indicates that the draft finance law "was designed in a context of the slowdown of the world economy in the Euro zone and in the United States, with its consequences on international markets".

Moreover, it notes a real non-oil Gross Domestic Product (GDP) growth of 4.9% in 2011, as against 5.7% in 2010 and 1.2% in 2009


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