The Togolese deputies voted on Friday, June 22, the bill of finance rectifying management 2018.
It is balanced, in total, in revenue and expenditure at CFAF 1,307.6 billion compared with the initially forecasted 1.318.5 billion, a decrease of 0.8% in the general budget while the State budget incorporating the special accounts of the Treasury equilibrate in receipts and expenses to 1310.9.
“The amended budget bill reflects the Government’s willingness to pursue the consolidation of public finances,” said Sani Yaya, the Minister of Finance.
Budgetary revenue stands at 832 billion against 853 billion CFA francs in the initial budget law. Expenditure decreased by $ 5 billion to $ 920.5 billion from $ 925.5 billion originally forecast.
There is thus a deficit budget balance of $ 88.6 billion entirely financed by the surplus balance of the treasury operations.
“The national socio-political situation marked by demonstrations sometimes with the acts of vandalism that accompany them and which have had a very negative impact on the economic activity and subsequently on the mobilization of internal resources,” said the minister. And to recognize that “the mobilization of revenue has suffered a lot from this situation”.
As a reminder, the crisis has caused a shortfall of about 50 billion F CFA in tax revenue due to the disruption of economic activities, for the year 2017, and a growth rate revised downwards (4, 4%).
