Togo : Budget revenues rose during H1 2018 with grants steady and expenditures up

Public finance
Tuesday, 25 September 2018 16:34
Togo : Budget revenues rose during H1 2018 with grants steady and expenditures up

(Togo First) - In Togo, budget revenues excluding grants reached CFA344.2 billion, between January and June 2018, Togo First learned. Compared to the first half of 2017, this represents an 8.9% increase.

Indeed, after standing around CFA148.7 billion in the first quarter of 2018, they grew by 31% to reach CFA195 billion between April and June.

Concerning grants provided to support budget, they were stable compared to H1 2017, standing at CFA11.8 billion.

The 8.9% total increase of State revenues was not enough to compensate high expenses incurred over the first half of the year, in the second quarter especially.

In detail, with net expenditures and borrowings valued at CFA537.2 billion, divided into current expenditures (276.4 billion) and capital expenditures (260.8 billion), overall balance on commitment basis (including grants) shows a deficit of CFA181.2 billion. A significant degradation spurred by a rise of investments or capital expenditures (+78%).

During the first semester of 2017, this deficit only stood at CFA63.2 billion. Let’s recall that in 2017, budget revenues and grants respectively amounted to CFA621.4 billion and CFA88.5 billion.

Fiacre E. Kakpo

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