September 11, 2015 / 2:40 PM / 4 years ago

Burundi's August tax revenues fall due to political uncertainty

KIGALI (Reuters) - Burundi’s tax revenues dropped 31.8 percent below target in August, official figures showed on Friday, owing to political turmoil sparked by President Pierre Nkurunziza’s decision to run for a third term in office.

The country’s semi-autonomous revenue authority (OBR) said it collected 42.2 billion francs ($27.51 million) in August compared with a target of 61.9 billion francs. Revenues collected were also 20.4 percent lower than in August 2014.

Tax revenues from January to August fell to 372.7 billion francs from 398.1 billion francs in the same period a year ago.

Aid-dependent Burundi, whose major exports are coffee and tea, is mired in a political crisis. Dozens have been killed following Nkurunziza’s successful third term bid, which the opposition said violated the constitution.

The OBR had expected tax revenues of 720.8 billion francs this year versus 653.7 billion francs in 2014.

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