Law No. 2011-02 of 30 March 2011
Management Settlement Legislation 2003

The National Assembly adopted, at its meeting on Wednesday, 23 February 2011;

The Senate adopted, at its sitting on Friday, 18 March 2011;

The President of the Republic enacts the following legislation:

Article 1. - General results of the execution of the financial law of 2003.

The final results of the enforcement of the
2003 finances are stopped at amounts
Following:

Article 2. - General Budget Revenues.

The amount of revenue for the general budget for 2003 is 997,034,252,392.

The overall distribution of this amount is set out in the table in Annex I to this Law. The following table presents recipes by nature.

Article 3. - General Budget Expenditures.

The final amount of the general expenditure excluding appropriations from the general budget shall be fixed at the sum of 823.609.431.656 CFA francs thus allocated in the table below. The appropriations are amended as mentioned in the same table.

The breakdown by nature of expenditure and by public authority and ministry is given in Annex II to this Law.

This Article requests the opening of 74.703 billion francs of additional appropriations in this way:

-EUR 50.064 billion on Title I;

-13.233 billion francs on Title II;

-2, 445 billion francs on Title III;

-6.737 billion francs in Title IV;

-2.222 billion francs on non-imputed ordinary expenses;

The same article also calls for the cancellation of 25.180 billion francs of available credits as follows:

-17.095 billion francs on Title II;

-EUR 7.617 billion on Title III;

-EUR 0.468 billion for Title IV;

Article 4. - Capital Spending in the General Budget

The final amount of the capital expenditure of the general budget of 2003 shall be fixed at the sum of 192.299.250.198 CFA as distributed in the following table. The appropriations are amended as mentioned in the same table:

The breakdown by department is given in Annex II 2 to this Law.

This Article requests the cancellation of EUR 40.739 billion available, thus apportioned;

-EUR 33.295 billion on Title V;

-7.444 billion francs in Title VI;

The same article also calls for the opening of EUR 8.266 billion of additional appropriations in this way:

-EUR 1.769 billion on Title V;

-3.172 billion francs in Title VI;

-3.325 billion francs on the PMOs.

ESTABLISH THE RESULT ACCOUNT

Article 5. - The result of the general budget for 2003 is definitively adopted as follows:

-Receipts: 977.034.252.392

-Expenses: 1,015,908,681,854 francs

-Excess of expenditure on revenue 38.874.429.462 francs.

The distribution of revenue and expenditure shall be given in the table in Annexes 1 and 2 to this Law.

Article 6. - Special Accounts for which Operations continues in 2004

I. - The results of the special accounts of the Consolidated Revenue Fund (CRF), whose operations continued in 2004, ended on 31 December 2003 with the amounts shown in the table below. Credits and credits
Authorizations for overdrafts shall be amended as indicated in the same table and detailed by account in accordance with Annex III to this Law.

II. - The balances of the special accounts of the Consolidated Revenue Fund, the operations of which are continuing in 2004, shall be determined, as at 31 December 2003, to the amounts referred to in the table below and detailed by account in accordance with Annex III. These balances are deferred to the 2004 management, with the exception of the credit balances of the special assignment accounts referred to in Article 7.

Article 7. - Adjustment of forecasts to the achievements of the special accounts

The expenditure estimates for the 2003 Treasury Special Accounts are adjusted to actual expenditure as shown in the table below:

Article 8. - The accounts payable for special assignment accounts not carried forward at the end of management 2003 shall be determined in accordance with the following table. They are transferred to the permanent accounts of the Consolidated Revenue Fund.

Article 9. - Losses and Profits on Treasury Operations

The losses and profits on treasury operations shall be fixed at 31 December 2003 at the net sum of 3,057,927,630 detailed in the following table:

Article 10. - Transfer of the year 2003 result to the permanent account of the decor of the tresor

I. - The result of the general budget referred to in Article 5 and the cash-flow losses referred to in III of Article 6 shall be transferred to the flow of the permanent account of the Consolidated Revenue Fund:

-Excess of expenditure on income from the 2003 general budget:

38.874.429.462 CFA francs

-Losses on treasury operations as at 31 December 2003: 3,057,927,630 CFA francs

II. - The accounts payable for the non-deferred trust accounts for the year 2004 referred to in Article 7 shall be transferred to the credit of the permanent account of the Consolidated Revenue Fund.

-Accounts payable for special accounts not carried over in 2004: 11,193,276 CFA francs.

This Law shall be enforced as the law of the State.

Done at Dakar, 30 March 2011.

Abdoulaye WADE.

By the President of the Republic:

The Prime Minister,

Souleymane Ndéné Ndiaye.