Parliament reviews draft finance bill for 2021

Economic governance
Tuesday, 24 November 2020 16:22
Parliament reviews draft finance bill for 2021

(Togo First) - The parliament is reviewing the draft finance bill for 2021. The latter projects expenditures and income at CFA 1,521.6 billion, thus 7.1% less than this year's final budget (CFA1,638 billion).

Next year's finance bill focuses on social sectors (with a 10.8% increase in social spending which is expected to reach 445.1 billion FCFA), despite the negative impact of the pandemic on the economy. Among others, the draft budget commitments fall under the government's roadmap (translated into the national policy declaration).

It is worth noting that this is the first time the parliament is examining a program-based budget. According to the  Minister of finance, Sani Yaya, who was present at the opening of the proceedings, the decision to adopt this type of budget establishes a results-based management style, with clear goals assigned to each ministerial department, as well as the deconcentration of the authorization function.

"The draft bill for the 2021 budget is dedicated to major innovations. It is the first bill adopted by the new government following the approval of its action program, and it inaugurates a new era in governance," welcomed Chantal Yawa Djigbodi Tsègan, President of the National Assembly.

Ayi Renaud Dossavi

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