Djibouti - Public finance



Increased military expenditures, declining tax receipts, and political unrest in bordering countries have exacerbated the deterioration of public finance in recent years. France, a major provider of aid to Djibouti, has insisted that future aid packages be conditional on an overhaul of the country's muddled finances.

The US Central Intelligence Agency (CIA) estimates that in 1999 Djibouti's central government took in revenues of approximately $135 million and had expenditures of $182 million. Overall, the government registered a deficit of approximately $47 million. External debt totaled $366 million.

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