(Adds budget details, quote)
BAMAKO, Sept 29 Mali's finance minister has
proposed a 2017 budget that will see spending increase by more
than 10 percent with a heavy emphasis on investment spending and
security, he said on Thursday.
The West African nation expects gross domestic product to
grow by 5.4 percent this year and 5.3 percent in 2017, Boubou
Cisse said on state radio, as activity in its agricultural
sector picks up.
"The 2017 budget contains revenues of 2,013 billion CFA
francs ($3.44 billion) and 2,270 billion CFA francs in terms of
spending," he said.
Cisse said the government planned to ask donors for help
bridging the 257 billion CFA franc deficit - Mali's usual mode
of funding that gap - and would also look to borrow from capital
The budget, presented to the prime minister on Wednesday,
was approved by the International Monetary Fund, which has
warned that Mali still faces risks from simmering conflict in
Islamist groups, some with links to al Qaeda, seized
northern Mali in 2012 only to be driven back by a French-led
military intervention a year later. However, the area has seen a
resurgence of violence this year.
($1 = 584.8400 CFA francs)
(Reporting by Tiemoko Diallo; Writing by Joe Bavier; Editing by
Emma Farge and Louise Ireland)