• Togo parliament approves 2026 budget at 2,751.5 billion CFA francs

• Budget rises 12.93% from revised 2025 spending levels

• Measures include VAT exemptions, tax credits and procurement access reforms

Togo’s parliament on Monday passed the 2026 budget after a final vote in both chambers, setting total spending and revenue at 2,751.5 billion CFA francs ($4.5 billion).

The figure is unchanged from the version approved earlier by lawmakers and senators, but represents an increase of about 11 billion CFA francs from the 2,740.5 billion CFA franc draft initially presented by the government.

Compared with the revised 2025 budget of 2,436 billion CFA francs, the 2026 budget marks an increase of 12.93%.

The Ministry of Finance and Budget said the new budget introduces several measures, including a value-added tax exemption for certain locally produced livestock and fishing products, simplified access to public procurement for young and women entrepreneurs, a tax credit to encourage the hiring of people with disabilities, and extended tax relief on customs clearance for new vehicles.

Komi Sélom Klassou, who presided over the plenary session, said the budget would give the government the resources needed to continue implementing its economic and social development agenda.

“With this final approval, the government now has the means to continue driving inclusive development,” said Sélom Klassou, president of the National Assembly.

Esaïe Edoh