Togo: Non-tax earnings reached XOF46.64 billion in the past three quarters, up 4.18% y/y

Economic governance
Tuesday, 26 November 2019 20:00
Togo: Non-tax earnings reached XOF46.64 billion in the past three quarters, up 4.18% y/y

(Togo First) - Over the past three quarters, the State's non-tax earnings amounted to XOF46.64 billion, against an expectation of XOF80.4 billion for the whole year.

Year-on-year, this represents a 4.18% increase and 58.01% of the expected amount for 2019.

The growth was driven by administrative fees which stood at 3.28 billion (+30.37% year-on-year and 67.78% of the expected amount), business and estate revenues (29.94 billion at end-September 2019).

Let's also emphasize the notable increase in royalties paid for the rehabilitation of the airport of Lomé (+428.36%). Meanwhile, mining royalties soared by 21.21% year-on-year, reaching XOF1.78 billion at the end of September.

As a reminder, non-tax earnings cover income paid against a direct counterpart. They come from various sources and regroup all revenues not linked to a tax or a duty (such as remuneration for services rendered, miscellaneous income and dividends).

R.E.D

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