• Burkina Faso targets 6.1% growth in 2027 under plan
• Revenues and spending rising; deficit projected near 2.8% GDP
• Outlook supported by gold, agriculture, but risks remain

Burkina Faso aims for economic growth of 6.1% in 2027, according to its multi-year budget and economic programming document (DPBEP) for 2027–2029.

The document was approved by the Council of Ministers on April 24. It outlines fiscal and macroeconomic guidelines for the next three years, in line with the country’s public finance law. The government said it is intended to strengthen fiscal discipline by setting a public finance path consistent with macroeconomic indicators. The plan forms part of the national development programme known as “Relance.”

The central scenario projects growth of 5.5% in 2028 and 5.3% in 2029. Inflation is expected to remain around 1.5%, supporting household purchasing power.

Budget revenues for 2027 are estimated at 3,924.3 billion CFA francs ($7 billion), rising to 4,328.8 billion CFA francs in 2028 and 4,686.4 billion CFA francs in 2029. Expenditures are projected at 4,543.3 billion CFA francs in 2027, 4,992.2 billion CFA francs in 2028 and 5,403.6 billion CFA francs in 2029. The government forecasts a budget deficit of 2.8% of gross domestic product in 2027 and 2028, widening slightly to 2.9% in 2029.

These projections come amid improving economic conditions. The International Monetary Fund said the outlook for 2026–2028 is positive, supported by fiscal consolidation, investment in agriculture and rising gold prices, which are boosting mining activity, exports and food security.

The World Bank expects inflation to reach 2.3% in 2026, driven by higher oil prices linked to the conflict in the Middle East. Poverty is projected to decline by about 1.5 percentage points per year, lifting nearly one million Burkinabe out of extreme poverty by 2028.

Despite this momentum, the country continues to face challenges. Per capita income remains low and private sector financing is declining. Nominal GDP per capita is estimated at $982 in 2024, $1,127 in 2025 and $1,250 in 2026. It is expected to reach $1,427 by 2029, according to IMF projections. These forecasts assume sustained gold prices and an improvement in the security situation.

Lydie Mobio