{"id":463310,"date":"2018-11-12T13:34:39","date_gmt":"2018-11-12T13:34:39","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=463310"},"modified":"2018-11-12T13:34:39","modified_gmt":"2018-11-12T13:34:39","slug":"togo-revenue-decline-in-the-third-quarter-of-2018","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/11\/12\/togo-revenue-decline-in-the-third-quarter-of-2018\/","title":{"rendered":"Togo: revenue decline in the third quarter of 2018"},"content":{"rendered":"
<\/div>

Revenue collection improved in the first half of 2018, but declined somewhat in the third quarter, the International Monetary Fund (IMF) said in a statement released Oct. 31.<\/p>\n

According to Ivohasina Razafimahefa, the head of a team from the institution who stayed in Lome, this decline is mainly due to a decline in port traffic (no figure is advanced by the IMF, Ed). The country’s somewhat delicate socio-political situation in the second quarter of 2017 did not favor good business continuity at the Port of Lome, he argued.<\/p>\n

In the first half of 2018, the analysis of the determinants of the country’s fiscal policy reveals that government revenues, including donations and loans, amount to CFAF 423.3 billion, representing a realization rate of about 32.3%. compared to the annual forecast (1,308 billion).<\/p>\n

Introducing in May the draft law correcting the 2018 budget, the Minister of Finance, Sani Yaya, had judged the decline (1%) of its forecasts by the evolution of the socio-economic and financial, characterized by the crisis socio-political enamelled of violence that has negatively affected economic activity since the second half of 2017, thus reducing the level of mobilization of tax and customs revenues.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

Revenue collection improved in the first half of 2018, but declined somewhat in the third quarter, the International Monetary Fund (IMF) said in a statement released Oct. 31. According to Ivohasina Razafimahefa, the head of a team from the institution who stayed in Lome, this decline is mainly due to a decline in port traffic<\/p>\n","protected":false},"author":530746,"featured_media":463313,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12046],"tags":[12100,12308],"class_list":{"0":"post-463310","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-leaders-en","8":"tag-imf-en","9":"tag-togo-en","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"\nTogo: revenue decline in the third quarter of 2018 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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