Context
Togo faces structural challenges in the area of financial governance. In particular, these relate to budget control, anti-corruption and optimisation of the tax system.
In recent years, the Togolese Government has introduced reforms to improve financial management and transparency. Despite measurable progress, there is still a need to promote institutional skills, increase accountability and curb corruption more effectively. These measures are crucial to long-term economic development and an effective financial policy.
Objective
Optimised public financial management makes it possible to manage reforms efficiently, mobilise government revenues and ensure that expenditures are cost-effective and correct.
Approach
The project is working with the Togolese Ministry of Economy and Finance and the consulting firms IBF, BiRD and PerfoDev to develop and implement a digital monitoring system. This will help with managing reforms of public finances.
The project also provides training on tax policy and international tax cooperation to employees of the tax authority and the Ministry of Finance. This helps mobilise government revenues and minimise risks in the tax system.
The project also supports the government bodies responsible for financial control, such as the anti-corruption authority. These measures make taxes more transparent and government control more efficient.