Togo’s revised budget proposal brings 2026 spending to 2,744.2 billion CFA francs

Togo’s Council of Ministers adopted a supplementary finance bill on October 22, reducing the 2026 budget to 2,744.2 billion CFA francs, 0.3% below the original figure. The projected deficit is 247.6 billion CFA francs, or 3.4% of GDP; the government cited geopolitical tensions, higher hydrocarbon prices and slower global growth. The initial budget had projected tax revenue of 1,338.9 billion CFA francs, but the revised target was not disclosed. The government also presented a balanced 2027 budget proposal of 2,684.1 billion CFA francs, including 490 billion in investments tied to its 2026-2031 roadmap; both proposals must be examined by Parliament.