text: budgetary needs as interest rates to borrowers increase c, -::r.o ever-all ratio of domestic financin[ 71 to total e:xpenciture decreased slightly in 1981 to 8.8 per cent, as compared to 9.1 per cent in 1980. 11 . Recent Governments prospects of developments in cannot but give their economie~-the fiscal performance of African rise to concern abcut the future Despite the efforts made in 98 E/ECA /CM. 9/5 mobilizing domestic reeources through the taY. system, the total volume of resources 2.vailable to finance economic and social development is fallinf inoreasinfly short of needs. At the sarr:e time the governments face growin€ dernan(s for current eypenditure and large uncertaintie·s in the international environr.ent. Tte unfavourable eY.ternal ~::.i c climate is aggravated by the fact tre fluctuations in foreit~ trace make it impossible to count en proceeds from the ta~E.tion of international transactions. T! e outlook for develorrr.er.t in 1983 is thus far from favourable ·:o the increase in rovernment capital expenditure which is reouir~d if African counries are to meet the challenpe that lies ahead. 12. t·1onetary expansion in developinr Africa decelerated in 1981. ~he annual rate of pr<Mth of money and ouasi-money averaged 22 per cent, compared wjth 31 per cent in 1980. Growth in money supply (cefineo as currency outside banks plus n·2t cema:HJ depcsi ts) increased a~ an ave rare rate of 19 per cent during t'le same period. 13. \lhile this rate o:f increase (compiled fer 32 countries for which 1981 oata were available) indicates a ceneral slew-down for developinr Africa as a whole, eY.perience varied from one country to another. Ccmparinr 1981 with 1980, money supply decreased in 3 of the countries (M&lawi, Mauritius and Sierra Leone), in­ creaser more slowly in 8 and increased more rapicly in 21. In the latter rroup of 21 countries, the rates ranger frcm a low of 
analysis: The text discusses economic issues in developing African countries, specifically the budgetary needs, interest rates, and monetary expansion. It highlights the challenges faced by governments in mobilizing domestic resources and the impact of international economic conditions on their fiscal performance. The text does not mention natural resources, environment, agriculture, forestry, fishing, industry, transport, communication, health, education, employment, humanitarian aid, relief, or culture.