Togo : Tax earnings were up 22.4%, year-on-year, over the first nine months of 2019

Public finance
Thursday, 19 December 2019 15:29
Togo : Tax earnings were up 22.4%, year-on-year, over the first nine months of 2019

(Togo First) - Over the first three quarters of this year, Togo’s tax revenues rose by 22.4%, according to data from the Central Bank of West Africa (BCEAO). 

In the WAEMU, this is the second-highest rise after Mali (+35.9%) and the same as Senegal (+22.4%). The central bank in this effect lauded “financial governance in the WAEMU, relative to tax collection, mentioning ongoing projects to modernize administration and reinforce public finance management.”

Let’s also indicate Togo’s non-tax earnings stood at XOF46.64 billion for the period reviewed, up 4.18% compared to the year before.

Overall, budget revenues across the community was 11,348.2 billion over the period under review. Last year, over the same period, these revenues grew by 1,757.7 billion (+18.3%). 

R.E.D

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