• Togo adopts a 2026 draft budget of CFA2740.5 billion (around $4.8 billion).

• Spending rises 14.4%, with nearly half allocated to social programs.

• Growth is expected at 6.5% in 2026, above the IMF’s 5.5% medium-term outlook.

The Togolese government adopted the draft Finance Bill for 2026 during the Council of Ministers meeting held on Friday, November 14, 2025. The document sets revenues and expenditures at CFA2740.5 billion (around $4.8 billion), according to a statement published on November 15, 2025.

The budget is up 14.4% from 2025. The statement notes that it “is based on an approach that prioritizes the financing of expenditures through domestic resources to preserve fiscal stability.”

Social spending remains one of the main priorities and accounts for nearly 48% of total expenditures. This includes health, education, and social protection. Funding for economic transformation increases by 29.3% compared with 2025 to support productive sectors such as agriculture, industry, and digital services, as well as promote private investment and create opportunities for young people and women.

Security also remains a key area, with additional resources allocated to national defense and the protection of the country.

This budget comes after the formation of the first government of Togo’s Fifth Republic, unveiled in October as part of efforts to “modernize public action and ensure closer monitoring of policies supporting the country’s economic and social development,” according to the Presidency of the Council.

Togo’s economy continues to show strong momentum. According to the International Monetary Fund (IMF), growth is expected at 5.2% in 2025 after 5.3% in 2024, and will reach 5.5% in the medium term. Inflation eased to 0.8% in September 2025, based on data from the National Institute of Statistics and Economic and Demographic Studies (INSEED).

For 2026, the government expects growth of 6.5%, above the IMF’s projections. This trend contrasts with the WAEMU region, where growth is expected to slow to 5.7% in 2026.