Guinea’s proposed national budget for 2025 has been set at over 41 trillion Guinean francs (approximately $4.8 billion), balancing projected revenues and expenditures, according to an announcement by Minister of Economy and Finance, Mourana Soumah, on Monday.
Speaking during a plenary session of the National Transition Council (CNT), Soumah outlined the specifics of the budget, emphasizing its focus on investment.
The investment spending component is estimated at more than 14 trillion Guinean francs (around $1.6 billion), with half of the funding expected to come from domestic resources.
However, the plan also reflects a budgetary shortfall, with the deficit for 2025 estimated at 7 trillion Guinean francs (approximately $823 million).
Soumah acknowledged the challenges this poses but emphasized the government’s commitment to sustainable fiscal policies.
In his remarks, CNT President Dansa Kourouma called on government officials to prioritize transparency and good governance in managing budgetary information.
“The success of this budget hinges on how openly and responsibly it is handled,” Kourouma stated, urging leaders to adopt best practices to enhance public trust.
The 2025 budget highlights Guinea’s ongoing focus on strategic investment as it seeks to strengthen its economy, despite fiscal pressures.
This proposal sets the stage for potential reforms aimed at balancing growth with financial stability, making transparency a cornerstone of the government’s approach.
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