Guinea Bissau’s new Prime Minister Carlos Gomes J unior has disclosed that he inherited a budget deficit of 30 billion CFA francs ( US$ 60 million).
In an order issued shortly after he took office Tuesday, Gomes Junior, decreed t hat public financial transactions made between 2 and 5 January must be immediate l y corrected, to avoid their outright cancellation.
The Premier decreed that any public expenditure without bonds from the treasury would henceforth be strictly prohibited and that all payments would have to be m a de through an account of the Public Treasury which is at the Central Bank of Wes t African States (BCEAO).
“My mission is to serve Guinea-Bissau,” he said, adding that the country was sti ll “in search of balance”.
When he previously held the post of Guinea-Bissau’s Premier, from March 2004 to November 2005, Gomes Junior showed administrative rigour and good governance ski l ls which was commended by donors in Bissau.
