Public investments to stand at CFA284 billion in 2019  

Public finance
Wednesday, 19 December 2018 12:35
Public investments to stand at CFA284 billion in 2019  

(Togo First) - Next year, the government intends to allocate CFA284.4 billion to public investments, down 9.5% compared to this year where it planned to set aside 314.7 billion for these investments.

Despite the decrease, capital expenditures which should cover the investments represent almost a third of budget expenses. The latter are expected to amount to CFA894 billion, down nearly 3% compared to the figure fixed in the initial law of finances for 2018. Meanwhile, operating expenses remained stable at CFA610 billion.

Let’s recall that the global budget for 2019 is fixed at CFA1,461 billion, as against CFA1,311 billion in 2018.

Fiacre E. Kakpo

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