Togo Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Togo's budget deficit was -7.58% in 2025, ranked 169th globally. This represents a 2.0% decrease from 2024. Data from IMF WEO, covering 1989–2025.
Overview
Togo's budget deficit stood at -7.58% in 2025, a decline of +0.15% from 2024. The IMF projects -7.58% by 2025. Togo ranked 169th globally.
Togo’s general government budget deficit widened to –7.58 % of GDP in 2025, placing the country 169th in the IMF World Economic Outlook ranking and marginally above St. Vincent and the Grenadines (–7.57 %). The deficit has fluctuated over the 37‑year series, rising from a modest –2.18 % in 1989 to a peak surplus of 1.67 % in 2019 before falling to an all‑time trough of –8.46 % in 1993. The recent expansion reflects higher fiscal pressures from debt service and social spending, while revenue growth has lagged. Compared with regional peers such as Senegal (–7.93 %) and Jordan (–7.48 %), Togo’s deficit remains slightly less severe, yet the trajectory suggests continued strain unless revenue reforms or expenditure cuts are implemented. Strengthening tax administration and curbing non‑productive spending could reverse the widening gap and stabilize the fiscal balance in the medium term.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -3.02% | - | - |
| 2029* IMF | -3.00% | - | - |
| 2028* IMF | -2.97% | - | - |
| 2027* IMF | -3.04% | - | - |
| 2026* IMF | -3.03% | - | - |
| 2025* IMF | -7.58% | - | - |
| 2025 | -7.58% | −0.15% | #169 |
| 2024 | -7.43% | −0.70% | #20 |
| 2023 | -6.73% | +1.61% | #24 |
| 2022 | -8.34% | −3.68% | #16 |
| 2021 | -4.65% | +2.39% | #83 |
| 2020 | -7.05% | −8.71% | #81 |
| 2019 | 1.67% | +2.26% | #163 |
| 2018 | -0.59% | −0.38% | #123 |
| 2017 | -0.21% | +6.82% | #147 |
| 2016 | -7.03% | +0.01% | #29 |
| 2015 | -7.04% | +0.08% | #27 |
| 2014 | -7.12% | −2.03% | #15 |
| 2013 | -5.08% | −0.45% | #39 |
| 2012 | -4.64% | −0.16% | #46 |
| 2011 | -4.48% | −2.81% | #49 |
Analysis
Togo's budget deficit was -7.58% in 2025, a decline of −0.15% from 2024. IMF projects -7.58% by 2025.
Frequently Asked Questions
Togo's budget deficit was -7.58% in 2025. Ranked 169th globally. This represents a 2.0% decrease from the previous year.
Togo's budget deficit peaked at 1.67% in 2019.
The lowest budget deficit in Togo was -8.46% in 1993.
Togo ranks 169th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Togo's budget deficit is projected to reach -7.58% by 2025 based on IMF projection.
The budget deficit of Togo in 2025 was -7.58%. This ranks 169th in the world.
Cite this page
@misc{historysaid_togo_budget-deficit,
title = {Togo Budget Deficit},
url = {https://historysaid.com/togo/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}