Guinea budget sets aside 913 billion francs to stabilise fuel prices
By the AFREEQUE newsroom, based on Mosaiqueguinee
Guinean Economy Minister Mariama Ciré Sylla presented MPs with a revision of the 2026 budget that lowers expected growth to 8.26% and raises projected average inflation from 3.5% to 5.2%. The supplementary finance bill also provides 913 billion Guinean francs to stabilise petroleum product prices, according to Mosaiqueguinee.
Guinean MPs have adopted the revenue section of the 2026 supplementary finance bill, which provides an allocation of 913 billion Guinean francs to support the stabilisation of petroleum product prices. Economy, Finance and Budget Minister Mariama Ciré Sylla presented the provision during the plenary session on Saturday 24 October.
The government estimates revenue losses linked to exemptions granted on petroleum products at 4,576.7 billion Guinean francs. The stabilisation allocation is intended to help keep prices affordable despite fluctuations in international markets, according to the minister.
As of 15 October, liquid revenue collected had reached 44,225 billion Guinean francs, or 85% of the initial budget forecasts. Expenditure incurred stood at 29,982 billion, or 54% of forecasts. The revision lowers the growth target to 8.26%, a decrease of 0.9 percentage points, and raises projected average inflation from 3.5% to 5.2%.
The new provision is part of a budget revision that also provides for an increase in public revenue and expenditure. On 24 October, the government announced an allocation of 5,499 billion Guinean francs for fuel, while the pump price of 12,000 Guinean francs was maintained.
