BUJUMBURA Dec 23 Aid-dependent Burundi aims to
increase its budget by 6.4 percent in 2015, with more money set
to go towards agriculture, energy and infrastructure projects.
The landlocked East African country of nearly 10 million
people projects its economy will grow by 5.4 percent in 2015
against an estimated 4.8 percent in 2014, largely thanks to big
infrastructure projects. The International Monetary Fund last
week projected growth of 4.7 percent next year.
Just under half of Burundi's planned 1.5 trillion franc
($970 million) budget for 2015 will be funded by international
donors, according to a plan approved by parliament on Monday.
The government expects to receive grants worth 679.8 billion
francs, down from 707.8 billion francs it received this year.
The budget predicts domestic tax revenues will rise to 714.3
billion francs in 2015 from 649.2 billion francs this year,
though it said the estimate depends on the success of efforts to
fight corruption, tax evasion and other factors.
Budget estimates project a 13.8 percent deficit in GDP terms
During its visit to Burundi last week, the IMF mission
encouraged the authorities to maintain budgetary discipline in
the run-up to the 2015 general elections and allow the exchange
rate to respond to underlying economic conditions, including the
recent appreciation of the U.S. dollar.
($1 = 1,545 Burundi francs)
(Reporting by Patrick Nduwimana; Editing by Drazen Jorgic and