Togo dedicated nearly 50% of its revenue budget to investment projects in 2020

Economic governance
Friday, 23 July 2021 18:21
Togo dedicated nearly 50% of its revenue budget to investment projects in 2020

(Togo First) - Over the past year, the government of Togo dedicated 48% of its revenue budget (grants included) on investments. This corresponds to CFA444 billion (out of CFA926 billion), according to the BCEAO. 

Compared to 2019 where the country spent CFA234.7 billion (or 28.5% of its revenue budget that year) on investment projects, the amount disbursed last year has almost doubled. 

When it comes to investment to revenue budget (grants included) ratio, Togo ranked fourth in the WAEMU in 2020. It came behind Niger, Guinea Bissau, Senegal, which dedicated respectively 69.5%, 49.96%, and 48.15% of their revenue budgets to investments, that year. 

Regarding foreign direct investments (FDI) in Togo, data from UNCTAD shows that they soared from CFA191 billion in 2019 to CFA352.5 billion in 2020 (+85%). 

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