(Ecofin Agency) - Last May, participants in Mali's national dialogue suggested extending the transition by three more years and allowing Colonel Assimi Goïta, the current transitional president, to run in the presidential election.

Mali plans to allocate CFA80.75 billion (around $134.8 million) for election expenses as part of its 2025 budget, according to an official report by the government.

Although specific details on how the funds will be spent have not been shared, this represents a notable increase from the $117.9 million allocated for elections in 2024. According to the country’s financial operations table (TOFE), this figure is set to drop significantly to $16.6 million in 2026 and 2027, reflecting a reduced election schedule in those years.

This budget news comes as Mali has yet to set a date for its next elections, with security concerns continuing to pose major challenges. In September 2023, the transitional government announced the postponement of the presidential election, originally planned for February 2024, without setting a new date. This delay, attributed to technical issues, has fueled tensions over the electoral process. Various political and civil society groups are pushing for quick presidential elections, as the 24-month transition period officially ended in March 2024, leaving what they call a "legal vacuum."

In response to growing pressure, the military regime toughened its stance in April, suspending the activities of political parties and associations, and banning media coverage of their actions. During the national dialog in May, participants recommended extending the transition by an additional three years and allowing Colonel Assimi Goïta, the current transitional president, to run in the upcoming presidential election. Also, around $10 million is earmarked for the ongoing operations of the Independent Election Management Authority in the 2025 budget.

Mali, which is set to adopt a budget with a 5% spending increase, faces significant economic hurdles. According to the World Bank, the country is grappling with rising living costs, an energy crisis, and growing poverty. Economic recovery efforts have struggled to counter the effects of droughts and support long-term growth. Meanwhile, on the security front, despite some progress—such as the reclaiming of certain areas—violence and armed attacks remain common, especially in the northern and central regions.