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The revision was unveiled after a cabinet meeting chaired by interim President Dioncounda Traore on Monday.
The budget reflects the crisis in the West African country since March 2012, which has resulted in the contraction of the economic activities as well as suspension of aid from main partners.
Mali has been in turmoil since the beginning of last year, when Tuareg separatists staged a rebellion against the government.
President Francois Hollande has termed the Mali crisis as a terrorist threat on Europe’s doorstep.
The Malian government said it had decided to revise the 2013 budget after the resumption of cooperation from some of its financial partners following the adoption of the transition roadmap.
In addition to this, the government is still awaiting the taxes to be paid by the mining companies and the funds to be borrowed from internal financial institutions.
Paris has said about 1,000 soldiers will remain in Mali beyond this year to back up a UN force that is to replace the International Support Mission for Mali (MISMA).
The UN force of 12,600 peacekeepers, to be responsible for stabilising the north will be phased in gradually from July.
It will be the UN’s third largest peacekeeping force, behind those in Democratic Republic of Congo and Darfur in Sudan.
With inputs from Agencies