How did the Togolese State finance its budget in Q1 2022? (Report)

Public finance
Monday, 05 September 2022 09:04
How did the Togolese State finance its budget in Q1 2022? (Report)

(Togo First) - In the first quarter of this year, the Togolese State mobilized CFA369 billion to finance its expenditures. This is 20.79% of its forecast for 2022. The figure was disclosed in a report recently issued by the ministry of finance, entitled "State Budget Execution Report, Fiscal Year 2022 - End of March."

In detail, the country, between January and March, financed its budget with CFA183 billion from tax revenues, and over CFA21 billion from non-tax revenues.

Around CFA15 billion of grants (budgetary support) add up to these, bringing the total budgetary revenue used to finance the first quarter budget to CFA221 billion.

Meanwhile, cash resources for the same period amounted to CFA148 billion out of an annual projection of CFA705 billion. These included project loans (CFA16 billion) and public securities (CFA132 billion).

Compared to the first quarter of 2021, the funds collected this year, between January and March were down by 1.33%. 

Written by:Esaïe Edoh 

Translated from French by Schadrac Akinocho

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