Togo: Parliament validates budget spending for 2016,2017, 2018, and 2019

Public Management
Friday, 19 November 2021 16:12
Togo: Parliament validates budget spending for 2016,2017, 2018, and 2019

(Togo First) - The Togolese parliament has adopted, last Tuesday, the State Budget Settlement Acts concluding years 2016, 2017, 2018, and 2019. The vote took place during the eleventh plenary session of the second ordinary session of 2021 which aimed at enabling the government to better execute its budget.

mtn group 1

"I would like to emphasize that the settlement bills for 2016, 2017, 2018, 2019 that you have just voted, were adopted by the government after examining the reports of the Court of Accounts and taking into account its recommendations as well as the general statement of compliance between the General Account of the Administration of Finance and the accounts of the main accountants of the State,” Sani Yaya, minister of finance, told the deputies

mtn group 2

In detail, the State Budget Settlement Act for 2016 stands at CFAF 945.5 billion (initial finance bill) and CFAF 991.3 billion (amended finance bill, at the end of the year), showing a negative implementation balance of CFAF 45.8 billion. The draft law of settlement of the State budget for 2018 shows budget revenues of CFA1152.8 billion and CFA1155.0 billion for expenditures, thus reflecting a negative difference of 2.2 billion CFA francs.

As for the 2019 budget, revenues and expenditures stood respectively at CFA1,343.8 billion and CFA1,321 billion.

Last week, the parliament adopted an amended budget for 2021 that totals CFA1,702 billion. This amount is up by 11.9% compared to the initial budget.

Meanwhile the 2022 finance law projects a total of CFA1,760 billion in revenues and expenditures (against CFA1,521 billion in 2021).

Ayi Renaud Dossavi

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