Cape Verde Public Finance Council Alerts to Deficit and Expenditure Increase . . Economic Journal
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4 Articles
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The rectification provides for new measures in the economic and social fields, including the gratuity of the first cycle of higher education and health care, strengthening of health and social protection and compensation for electricity and fuels
The Cape Verde Public Finance Council (PSC) considered, this Tuesday, 25 August, plausible the macroeconomic scenario of the Amending State Budget for 2026, but warned of the worsening of the deficit to 1.9% of the Gross Domestic Product (GDP). In general terms, the PSC considers that the Amending State Budget for 2026 is based on a globally plausible macroeconomic scenario and maintains a projected path of reducing the public debt ratio. Howeve…
While the implementation of the 2025-2026 budget shows a significant gap between planned and actually mobilized revenues, the 2026-2027 budget relies on an increase in State resources, but this increase is mainly based on tax revenues and donations, while non-tax and exceptional revenues occupy a more limited place. On the expenditure side, investment accounts for more than half of the budget, with a high expected contribution from external reso…
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