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Budget deficit.

    ABIDJAN

    Guinea registered a budget deficit of 116 billion Guinean francs (US $71.2 million) in the first half of the year, according to the secretary of the Ministry of Economy, Finance and Planning, Losseni Nabe.

    Speaking at a news briefing on 8 August, Nabe said Guinea’s income in January-June 2000 amounted to 301 billion GNF (US $185.2 million) while expenditure totalled 417.7 billion (US $257 million), Radio Guinee reported.

    He said the economy -and the state’s incomes- had been hampered by subregional conflicts, an influx of refugees into Guinea and increased oil prices on the world market. In addition, a slowdown in international economic activity affected the traditional exports of bauxite and aluminium.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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