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Patriotic Support Fund: 100 Billion FCFA To Be Mobilized for 2024 in Burkina

Established on January 23rd, 2023, the Patriotic Support Fund aims to centralize financial contributions to support the defense of Burkina Faso. By December 31st, 2023, it raised 99 billion FCFA, surpassing the forecast of 80 billion FCFA, largely from tax levies. These funds primarily support the Volunteers for the Defense of the Homeland. The goal for 2024 is to mobilize at least 100 billion FCFA.



Patriotic Support Fund

Established on January 23rd, 2023, the Patriotic Support Fund aims to collect and centralize financial contributions from patriots and friends of Burkina Faso, with a view to supporting and accompanying efforts to defend and secure the national territory.

The resources collected for this purpose are intended to finance the remuneration, training, equipment and fuel of the Volunteers for the Defense of the Homeland (VDP). As of December 31st, 2023, these are 99 billion FCFA, out of a forecast of 80 billion, i.e. a mobilization rate of 123%. Tax levies, a little over 69 billion FCFA, represent 70.22% of the resources mobilized.

The president of the management committee of the Patriotic Support Fund, Vieux Abdoul Rachid Soulama who presented the results for 2023, noted that a peak was noted from the third quarter of the year 2023.

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Indeed, the amount of funds allocated to the Patriotic Support Fund increased from 32 billion in September 2023, to 99 billion at the end of December 2023

A situation which mainly results from the institution of the special contribution on certain products and services as well as the intensification of communication actions which led to greater support from the population.

Of the 99 billion mobilized through the Patriotic Support Fund, a little more than 84 billion were allocated to the Brigade of Volunteers for the Defense of the Fatherland. More than 40 billion was used for equipment, fuel and training of the VDPs. 26 billion FCFA were used to pay the premiums of more than 56,000 VDP. More than 9 billion was incurred in the costs of food, basic training, health care, disability bonuses and burial of national VDPs. Satellite phones, hydraulic excavators, tank carriers, pickup trucks, tanks, mine detectors and weapons were also acquired thanks to the funds raised.

Faced with the various achievements made, the Prime Minister, through the Minister of Economy and Finance, suggested that the patriotic support fund has accomplished its mission, despite a difficult regional and international socio-economic and political context.

“The government remains convinced that this fund is a real alternative for mobilizing resources to support the efforts made by the State in the fight against the terrorist hydra,” he added. To ensure virtuous governance of the support fund, the ASC-LC carried out an audit mission at the request of the government, the final report of which is currently being finalized.

For the year 2024, the stated ambition is to mobilize at least 100 billion FCFA. As of March 12, 2024, we note a little more than 31 billion FCFA mobilized. The Prime Minister invited the population to stay the course, given the need to mobilize more resources to strengthen the operational capacities of the VDPs.


(Featured image by ibrahimdiouf via Pixabay)

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Helene Lindbergh is a published author with books about entrepreneurship and investing for dummies. An advocate for financial literacy, she is also a sought-after keynote speaker for female empowerment. Her special focus is on small, independent businesses who eventually achieve financial independence. Helene is currently working on two projects—a bio compilation of women braving the world of banking, finance, crypto, tech, and AI, as well as a paper on gendered contributions in the rapidly growing healthcare market, specifically medicinal cannabis.