The Burkinabe government wants to save 4.2 billion FCFA by streamlining balance sheet premiums

The Burkinabe government wants to save 4.2 billion FCFA by streamlining balance sheet premiumsOuagadougou, October 16, 2024 (AIB) - The Burkinabe government wants to save 4.2 billion FCFA, thanks to the rationalization of balance sheet premiums in state companies and public social welfare institutions, to reinvest them for the populations.The Council of Ministers adopted on Wednesday a decree defining the criteria for granting balance sheet bonuses in state companies and public social welfare institutions, with a view to rationalizing the costs and expenses of these companies in order to make savings."The adoption of this decree now makes it possible to define single harmonized criteria for all public entities concerning the granting of balance sheet bonuses," indicated Minister Serge Gnaniodem Poda as he left the council.According to him, this decree will allow savings of approximately 4.2 billion CFA francs, which will be reinvested in the creation of basic social infrastructure for the benefit of the valiant populations.The minister said that the balance sheet bonuses granted in state companies and public pension institutions lacked a real framework.He also criticised these companies for disparities in terms of the amounts allocated and the number of months of bonuses granted to staff.With this decree, the balance sheet bonus will only be possible in the event of a positive result allowing previous negative carryforwards to be covered.Capped, the bonus cannot exceed 10% of the payroll and 15% of the net results achieved by the entity concerned, the minister maintained.Source: Burkina Information Agency