Mauritania's draft 2027 budget projects revenue and grants of 152.1bn MRU (€3.39bn) and spending and net lending of 145.9bn MRU (€3.25bn), according to the Council of Ministers communiqué of October 21 published by state news agency AMI. That leaves an overall surplus of 6.2bn MRU (€138mn), on assumptions of 5.0% real growth and 3.3% inflation, the communiqué said.
Analysis: Revenue would rise about 9% and spending 4% against the revised 2026 budget, by our calculation, turning a planned deficit into a surplus. The forecast assumes inflation falls to 3.3% in 2027, from 9.3% in September 2026, while the IMF expects 9% inflation in December. Budget execution is another uncertainty: only 62% of planned investment spending had been disbursed by the end of September, finance ministry data show. Contractors should not assume that all proposed 2027 funds will be spent. Parliament is expected to settle the final budget figures before January 1.
Source: AMI (state news agency), AMI, 'Conseil des Ministres : le projet de loi de finance repose sur une croissance réelle nationale de 5,0% en 2027' (Council of Ministers communiqué, October 21, 2026), 2027 (draft) and 2027 (assumption) and 2026; Banque Centrale de Mauritanie (BCM), BCM, Historique des cours de change (money-rate-table), date 2026-10-26, comparison 2026-09-26, October 26, 2026; Ministère des Finances, Mauritanie, LFR 2026 (Loi de Finances Rectificative pour l'année 2026), 2026; Ministère des Finances, Mauritanie, Loi n° ____ portant Loi de Finances Rectificative pour l'année 2026 (LFR 2026), 2026; Ministère des Finances, Mauritanie, LFR 2026, 2026; ANSADE, ANSADE, Note mensuelle de l’Indice National des Prix à la Consommation (INPC), septembre 2026, September 2026; The Rio Times, The Rio Times, citing the IMF WEO database (October 2026), December 2026 (projection); Ministère des Finances, Mauritanie, Ministère des Finances, TOFE de septembre 2026 (Tableau des opérations financières de l'État, réalisations janvier-septembre 2026 vs LFR 2026), January-September 2026