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Finance law 2022: Togo plans a budget of 3 billion USD

17/11/2021
Categories: Economy/Forex

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Togo's draft finance bill, fiscal year 2022 was adopted on November 12, 2021. This text provides for 1,760 billion CFA francs (nearly 3.1 billion USD) in resources and expenses.

Togo's 2022 budget is up 15.7% compared to that of the 2021 financial year. % in 2020 to 5.3% in 2021, i.e. an increase of 3.5 points. This rate should stand at 6.1% in 2022 with the execution of the projects of the government roadmap. In addition, the inflation rate is under control below the community ceiling threshold of 3%”, indicates the government. The text devotes 493.3 billion CFA francs to the social sectors, an increase of 10.8% compared to the initial finance law 2021. The relative share of social expenditure is 46.6%.

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