Togo: Forecast for 2019 budget amounts to CFA1,461 billion, up 11.5% compared to 2018
Thursday, 04 October 2018 16:38 
(Togo First) - During a ministers council held October 3, the government adopted the 2019 finance and management bill.
Under the new bill, the State’s budget for 2019, covering expenditures and revenues, should stand at CFA1,461 billion, against CFA1,311 billion in 2018, thus up 11.5%.
Budget revenues are expected to amount to CFA881 billion against 895 billion in 2018, down about 1%.
The government expects budget deficit next year to amount to CFA13.9 billion, financed by treasury surplus. Indeed, treasury earnings should reach CFA576.8 billion, up 17.5% while treasury expenses are to stand at 562.9 billion.
To meet this budget, Lomé expects its economy to expand, driven by household consumption and private investment. In addition, it will make sure public investments are at an acceptable level. Hence, Togo’s economy should grow by 5.1% in 2019, against 4.9% in 2018, spurred by major projects like the 2018-2022 national development plan (PND 2018-2022) whose main objective is to structurally transform Togo.
According to Togo’s government, 2019’s budget forecast are based, just like previously, on authorities’ goals under their social and economic policy as well as on a coherent macro-budgetary framework with the three-year program backed by the IMF’s extended credit facility (ECF) concluded May 5, 2017.
In this framework, the government commits to be “as strict towards the implementation of the 2019 finance and management bill”, to avoid “any occurrence that could hurt macroeconomic stability”.
“The government fully commits to improving public finances and take all measures necessary to speed up economic growth, ensuring that social needs of the Togolese people are met,” the authorities declared.
Fiacre E. Kakpo
