Togolese Ministry of Economy reviews all the reforms it launched in recent years

Economic governance
Thursday, 10 February 2022 12:38
Togolese Ministry of Economy reviews all the reforms it launched in recent years

(Togo First) - The physical and financial rates of completion of reforms that the Togolese Ministry of Economy and Finance initiated in recent years are 80.02% and 67.8%, respectively. 

The figures were disclosed during a recent videoconference on the National Review of Reforms underway in ministerial departments and state institutions through to the end of December 2021. 

During the meeting, participants, from the public administration, the private sector, civil society, as well as technical and financial partners, assessed the progress made in implementing reforms and talked about steps to take to bolster the process in the future.

"The main operational reforms achieved in 2021 include: effectively starting to execute the state budget in program form in January 2021, digitizing criminal record issuance, producing and publishing the first report assessing tax expenditures in 2019, and that of 2020 which was paired with the 2022 finance act submitted to the National Assembly; the adoption of the 2016, 2017, 2018, and 2019 budget settlement bills by the National Assembly," reads a statement sanctioning the videoconference.

There is also the publication, on www.togoreforme.com, of budgetary risks for 2021, 2022-2024. They were released alongside the 2022 draft budget law. Laws relating to trust accounts were also reviewed; a draft decree on the general principles of trust accounts was drawn, and the Parliament adopted laws covering public-private partnership (PPP) contracts and public procurement.

Besides these, added Kpobié Tchasso Akaya, the permanent secretary in charge of monitoring reform policies and financial programs, a platform to monitor reforms is in the pipeline. 

Still during the meeting, major reforms planned for 2022 were presented. One of them is the evaluation of the public financial management system, based on the Public Expenditure and Financial Accountability (PEFA) methodology.

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