Togo: State Expenditures Reached CFA850 Billion in H1 2023

Public finance
Wednesday, 13 September 2023 18:33
Togo: State Expenditures Reached CFA850 Billion in H1 2023

(Togo First) - Throughout the first half of the year, Togo’s budget expenditures stood at CFA846.21 billion. According to the General Directorate of Budget and Finance (DGBF) that disclosed the figure in its "Rapport d'exécution du budget de l'Etat à fin juin exercise 2023", it is 22.84% more than the State spent over the first six months of 2022–that is CFA632.06 billion.

According to the report, the amount spent between January and June 2023 represents 43.32% of the total the State plans to spend throughout the year. 

In detail, budget expenditure amounts to CFA632.06 billion, while cash expenses are estimated at CFA214.16 billion.

The report attributes this year's expenditure increase to a rise in revenue mitigation expenditure (CFA 85.12 billion), personnel expenditure (CFA 139.71 billion), transfer expenditure (CFA 87.74 billion), and investment projects (CFA 157.94 billion).

Esaïe Edoh

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