Bissau overshoots coffer with $200m budget

2013-07-17 08:32

(Shutterstock)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Bissau - Guinea-Bissau's parliament approved a budget of more than $200m on Tuesday, despite having only half of that in its coffers, acknowledging that the rest would have to come from international aid.

Members of the National Assembly voted to cover the shortfall from their global partners even though most have suspended aid to the impoverished west African nation since a military coup last year.

The $204m spending plan for the calendar year 2013 represents an increase of $14m on last year.

Education and health will take the largest share of the pot - $41m - while the army has been allocated $20m.

The European Union, the United States and the United Nations all withdrew financial backing following a coup in April last year that overthrew the regime of Carlos Gomes Junior.

Guinea-Bissau, which gained independence from Portugal in 1974 after a war with its colonial master lasting more than a decade, has suffered intermittent unrest since its liberation.

The chronic volatility has fanned poverty in the country of 1.6 million people with few resources other than cashew nuts and fish, attracting South American drug cartels which have turned it into a hub of cocaine-trafficking for west Africa.

It has seen a series of military coups attributed largely to the unprecedented bloating of the army after the war.

A transitional government installed with the agreement of the coup leaders has announced presidential and legislative elections for 24 November.

Read more on:    eu  |  un  |  carlos gomes junior  |  guinea-bissau  |  west africa  |  aid
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining

Inside News24

 
/News
 

Road Accident Fund: #Takecharge to make roads safer

Hot on the heels of its Easter meet the #FutureYou campaign, the Road Accident Fund (RAF) will once again take its road safety message to the public - Sponsored.

 
 

Stay safe

Juvenile pillion riders? Play safe...
First-aid kit: What you need in YOUR car
Hey, lazy! Get outta the disabled bay!
Yaris: Perfect car for back-seat babes
Traffic Alerts
Horoscopes
Aquarius
Aquarius

The pressure is on to perform, but you may not feel emotionally prepared. The most important thing is not to place your...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.