Togo: Fiscal revenues stood at CFA563.2 billion in 2017, down 0.9% compared to 2016

Public finance
Friday, 30 March 2018 17:00
Togo: Fiscal revenues stood at CFA563.2 billion in 2017, down 0.9% compared to 2016

(Togo First) - In Togo, tax earnings stood at CFA563.2 billion at the end of the 2017 fiscal year, according to a report on the performance of the public finances’ reform plan.

This is CFA5.3 billion less than in 2016 (568.5 billion) and more than 50 billion less than projections for 2017. Indeed, Togolese authorities had expected to collect 614 billion over the period.

The decrease is mainly attributed to the recurring political tensions experienced last semester.

In detail, tax and customs offices respectively collected 291.9 billion and 271.3 billion CFA. As for non-fiscal revenues, they were at 55.6 billion, thus higher than in 2016.

This year, Togo’s revenue office (OTR) eyes a global revenue of CFA660 billion which will be injected in the national expenditures budget that should exceed FCFA925 billion.

Fiacre E. Kakpo

togofirst mobile

 
Sondage
Should we encourage young togolese toward agriculture?
  • 57 Votes
    Yes
    55.88%
  • 25 Votes
    No
    24.51%
  • 20 Votes
    Don't have opinion
    19.61%
← Back
Total 102 Votes

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.