Togo approves revised 2025 budget raised to CFA2,436bn

Economic governance

Wednesday, 24 December 2025 02:32

Togo approves revised 2025 budget raised to CFA2,436bn

(Togo First) - Togo’s National Assembly has approved a revised finance law for the 2025 fiscal year, following a majority vote during the fourth plenary session of the second ordinary session of the year.

The revised budget raises total state allocations to CFA2,436 billion, compared with CFA2,396.6 billion in the initial finance law. This represents an increase of CFA39.4 billion, equivalent to a 1.6% rise.

Finance and Budget Minister Essowè Georges Barcola, who appeared before lawmakers to defend the bill, said the revised budget is an adjustment instrument reflecting current economic realities. He said it aims to preserve fiscal balance while strengthening social priorities.

Under the new framework, social spending now absorbs more than half of total budget allocations, reflecting what the government describes as a stronger focus on investment in human capital and improved living conditions.

The additional resources will support continued measures to expand access to electricity, implement universal health insurance, and improve the quality of the education system. The revised budget also maintains productive investments, particularly those supporting job creation, with a focus on youth and women.

The government initially presented the revised budget to address a fiscal gap estimated at CFA145 billion, in a context marked by budget revenues revised downward by about 1% and higher spending, projected at CFA1,717.1 billion, an increase of 2.3%.

R.E.D.

REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

PAYING TAXES AND DUTIES (more info)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.