(Ecofin Agency) – To improve its tax collection, Burkina Faso has implemented several measures. In 2024, it recorded tax revenues of 1480 billion FCFA, against 1368 billion FCFA in 2023.
Burkina Faso’s tax revenues are expected to increase by 7.49% in 2025 compared to 2024 targets to stand at 1,574 billion FCFA ($2.4 billion), according to an information note from the Ministry of the Economy published on Friday January 10, 2025.
Speaking in Ouagadougou during the 10e tax return of the General Directorate of Taxes (DGI), under the theme “for a resilient and sovereign Burkina Faso, I declare and pay my taxes”, Talato Eliane Djiguemde-Ouedraogo (photo), Director General of Taxes, focuses on “ the commitment of all Burkinabè people to adopt responsible behavior, aimed at promoting tax citizenship ”, to achieve this objective. According to her, the theme aims to encourage each citizen to actively contribute to the financing of public goods through the payment of taxes.
The expected increase in state tax revenue will also result from measures aimed at broadening the tax base and strengthening the efficiency of tax collection to address the country’s economic and security challenges. These include the institution of a specific tax on cement, a special contribution of 2% on company profits and the taxation of two and three-wheeled vehicles. The authorities plan to improve the functionalities of the Sycad platform and set up a certified electronic invoicing system.
According to the International Monetary Fund (IMF), the West African country’s tax revenue performance remains stable thanks to efficient revenue collection. As a result, the overall fiscal deficit is expected to narrow from 6.5% of GDP in 2023 to 5% in 2024. According to government revenue statistics from the Organization for Economic Co-operation and Development (OECD) in Africa In 2024, the tax-GDP ratio in Burkina Faso increased by 3 percentage points, from 15.4% in 2021 to 18.4% in 2022.
Despite a projection of real GDP growth of 4.2% in 2024, supported by economic resilience, particularly in the services sector, dynamism has slowed due to insecurity and unfavorable climatic conditions, notes the IMF. The budget deficit for 2024 is expected to be reduced to 5.9% of GDP thanks to an increase in non-tax revenues and a significant reduction in investment spending.
Lydie Mobio (Intern)
Edited by MF Vahid Codjia
