Benin Approves 2027 Budget, Meets WAEMU Convergence Criteria
What happened
Benin approved its finance bill, which includes the 2027 budget, totaling CFA 4,757.029 billion, or about US$8.1 billion. This represents a 14.7% increase from the revised 2026 budget. The government set a deficit target of 2.8% of GDP and aims for 2.0% inflation, meeting the West African Economic and Monetary Union's convergence criteria.
From riotimesonline.com
Why it matters
The approval of the finance bill and meeting the convergence criteria strengthens Benin's national fiscal standing. The targets assume economic growth of at least 8% and reinforce the fiscal stability of the West African Economic and Monetary Union.
The government of Benin is focusing on national economic priorities while operating from the capital city of Cotonou.
From riotimesonline.com
Who's involved
- BeninSovereign state that approved the finance bill and met convergence criteria.
- West African Economic and Monetary UnionInter-governmental bloc that sets the convergence criteria and shares the CFA franc.
- Romuald WadagniPresident of Benin who approved the finance bill.
- National AssemblyLegislative body to which the finance bill was sent.
Keep exploring
Part of
The government of Benin, led by its President, is focusing on national economic priorities while operating from the capital city of Cotonou.Also in this story
- A joint cooperation commission was established and agreed upon a location in Cotonou, co-chaired by Nasser Bourita.
- Talks are underway regarding strengthening bilateral ties and economic partnerships involving Benin and a partner country.
- Market construction and economic revival projects are underway in North Tongu District, Benin, with plans to source cotton regionally.
The entities involved
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Benin
sovereign state in West Africa
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West African Economic and Monetary Union
inter-governmental organisation
Nothing else this week.
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Romuald Wadagni
President-elect of Benin (born 1976)
Nothing else this week.
Related events
- Macron secured a strategic economic alliance with Benin, targeting infrastructure upgrades in Cotonou.
- Souza chaired the ECOWAS Commission, and the organization maintains an office in Benin at the Ministry of Economy and Finance.
- Benin sought regional cooperation with AES states, attended by a Nigerien delegation, amid Sahel instability.