Alama ReportGuinea
Guinea · From Edition № 004 · Macro & prices

Guinea approves revised budget lifting spending 5.8%, cutting investment 10%

5.8%

Guinea's National Assembly adopted the spending side of the revised 2026 budget on November 7, setting total spending at 67,925.87bn GNF (€6.86bn), 5.83% above the initial law, news sites Guinee7 and Avenirguinee reported. Investment spending falls 10.13% to 23,562.27bn GNF (€2.38bn) as projects are postponed. Meanwhile, 176 of the 339 projects identified under the Simandou 2040 program receive 10,137.65bn GNF (€1.02bn), Guinee7 said.

Analysis: Total spending rises while investment falls, so spending other than investment grows by about 6.4tn GNF (€647mn), by our calculation. That includes the fuel price freeze, which the budget costs at 5.49tn GNF (€555mn) in forgone taxes and stabilization funds, Avenirguinee reported. Interest on public debt offsets part of the increase, budgeted 19.5% lower at 3.84tn GNF (€388mn). In the Simandou 2040 program, 52% of identified projects are funded this year and less mature projects move to 2027. Ecofinance Guinée, however, put investment at about 39% of the budget presented, against 34.7% in the adopted figures. The law awaits promulgation, and no date has been announced.

Source: Guinee7.com, Guinee7.com, 'Guinée : dépenses en hausse, investissements en recul et le déficit budgétaire ramené à 2,01 % du PIB', November 8, 2026, FY2026 (revised budget adopted November 7, 2026); Guinee7.com, Guinee7.com, November 8, 2026 (as above), FY2026 (revised budget adopted November 7, 2026); Avenirguinee.org, Avenirguinee.org, 'PLFR 2026 : l’Assemblée nationale adopte le volet dépenses à plus de 67 000 milliards GNF', November 8, 2026, FY2026 (revised budget adopted November 7, 2026); Avenirguinee.org, Avenirguinee.org, November 8, 2026 (as above), FY2026 (revised budget adopted November 7, 2026); Ecofinance Guinée, Ecofinance Guinée, 'PLFR 2026 : un budget révisé de 67 925,87 milliards GNF, dont près de 39 % consacrés à l’investissement', November 4, 2026, FY2026 (revised budget, presentation reported November 4, 2026); Guinéenews (private), Guinéenews, 'Budget 2026 : plus de 64 mille milliards GNF de dépenses adoptées à l'unanimité par le CNT', April 1, 2026, FY2026 (initial law adopted March 31, 2026); Secrétariat Général du Gouvernement, Loi L/2026/010/CNT du 31 mars 2026 portant Loi de Finances Initiale pour l'année 2026 (Journal Officiel Spécial N°04), FY2026; Africaguinee.com (private), Africaguinee, 'Guinée : Baisse du PIB, inflation en hausse… Les points clés du budget rectificatif 2026' (October 24-25, 2026), reporting the finance minister's presentation; official document: PLFR 2026 (not found online), FY2026 (draft amended budget); Ministère de l'Économie, des Finances et du Budget (MEFB), Service Communication et Relations Publiques (text published by Guinéenews), MEFB communiqué on the PLFR 2026 presentation to the National Assembly, October 24, 2026 (published by Guinéenews on October 25), FY2026 (draft amended budget); Banque Centrale de la République de Guinée (BCRG), BCRG, Cours de référence des principales devises contre GNF au 30 octobre 2026, Liste N°0206/2026, October 30, 2026

Every figure comes from the official source named under it. Spotted an error? Write to info@alamareport.com; corrections run in the next issue.

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