Togo, at the beginning of this year, is demonstrating a proactive budget management approach. According to freshly released data from the Directorate General of Budget and Finance (DGBF), expenditures from the general budget reached 451.53 billion XOF by the end of March 2023.
Expenditures from the general budget amounted to 451.53 billion XOF in the first half of the year 2023. A careful analysis reveals that this corresponds to 23.11% of the annual projection, estimated at 1,953.48 billion XOF. Similarly, revenue collection also displays a notable vitality, with a budget revenue realization rate of 18.53%, amounting to 362.05 billion XOF out of the anticipated 1,953.48 billion XOF for the year.
A notable observation from this initial budgetary period is the significant growth in expenditures, which has risen by nearly 17% compared to the same period last year. A comparison highlights that the budget envelope between January and March 2023 has shown unprecedented strength, totaling 451.53 billion XOF, compared to the 383.49 billion XOF recorded during the equivalent period in 2022. This dynamism undeniably reflects a strong commitment to achieving set objectives.
These figures prove that Togo, through prudent and strategic budget management, is confidently advancing towards financial self-sufficiency. The substantial increase in expenditures demonstrates targeted and bold initiatives aimed at driving development, while the revenue performance underscores the resilience of the national economy. This first step in the year 2023 portrays a promising trajectory for the Togolese economy, affirming its determination to thrive and meet future challenges with resilience and ingenuity.
