Guinea keeps fuel at 12,000 francs in revised budget
By the AFREEQUE newsroom, based on Guinee7
Guinea’s supplementary budget bill keeps the price of a litre of petroleum products at 12,000 Guinean francs and provides for 5,489 billion francs in subsidies. By 15 October, revenue had reached 44,225 billion and committed spending 29,982 billion, while 2026 growth is now forecast at 6.6%, according to Minister Mariama Ciré Sylla.
Guinean Minister of Economy, Finance and Budget Mariama Ciré Sylla announced on Saturday 24 October that the 2026 supplementary finance bill would keep the price of a litre of fuel at 12,000 Guinean francs. The government plans to allocate 5,489 billion Guinean francs to fund fuel subsidies, according to figures presented to the National Assembly.
Revenue losses linked to support measures are estimated at 4,576.7 billion Guinean francs. As of 15 October, public revenue stood at 44,225 billion francs, or 85% of the initial forecast, while expenditure commitments totalled 29,982 billion, according to the minister.
Growth is now forecast at 6.6% in 2026, compared with 7.1% in 2025, and average inflation at 5.2%, against an initial forecast of 3.5%. Overall spending is expected to rise by 5.8%, but investment is set to fall by 2,729 billion francs, notably following a reassessment of projects linked to Simandou 2040. The budget deficit is reduced to 2.01% of GDP, from 2.07% in the initial forecasts, according to Mariama Ciré Sylla.
The bill extends the 2026 budget revision to protect purchasing power, announced on 24 October. It also comes three days after the launch of the 2026-2030 financial reform programme, presented on 21 October.
