Togo: About 50% of 2020’s budgetary resources will be injected into social sectors

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Friday, 20 December 2019 15:41
Togo: About 50% of 2020’s budgetary resources will be injected into social sectors

(Togo First) - Nearly half of 2020’s budget (46.8%) will be poured in social sectors, knowingly health, education, agriculture, and rural electrification.

This was disclosed by the ministry of finance after the parliament adopted the initial 2020 finance act. 

Health, according to the government’s plans, will get about one-tenth of budgetary resources, while education will get around one quarter. 

Moreover, next year, the authorities will focus on “augmenting workers’ and retirees’ purchasing power, by revalorizing their wage index.” Other priorities include curbing the unemployment rate (by hiring in the public sector), rehabilitating and equipping health centers, especially the Sylvanus Olympio University Hospital, building retirement homes, significantly increasing resources of the local communities support Fund, for its effective operationalization. 

Part of the remaining budgetary funds will be invested in the mines and energy (5.3%), as well as in infrastructure and transports (18.7%). 

R.E.D

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