Guinea's government proposed cutting investment spending by 2.73tn GNF (€277mn) in its draft amended 2026 budget while raising total spending 5.8% and projected revenue 5.5%, Finance Minister Mariama Ciré Sylla told parliament on October 24. Cash revenue collected by October 15 reached 44.2tn GNF (€4.49bn), or 85% of the initial budget forecast, and the deficit target eased to 2.01% of GDP from 2.07%, the ministry said.
Analysis: The investment reduction follows a review of Simandou 2040 projects, with schemes still requiring studies deferred to a later budget, the minister said. Mining receipts are now forecast 9.5% below plan, while tax receipts are projected to rise 8%, lifting the tax-to-GDP ratio to 14.2% from 12.9%. Most additional spending would support the fuel price freeze. Contractors relying on domestically financed projects could see fewer opportunities this year, while the government seeks stronger tax collections. Parliament's committee timetable runs through November 7, and the proposed changes are not yet final.
Source: 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), January 1-October 15, 2026 and FY2026 (draft amended budget); Africaguinee.com (private), Africaguinee, 'Guinée : Baisse du PIB, inflation en hausse… Les points clés du budget rectificatif 2026' (October 24, 2026), reporting the finance minister's presentation; official document: PLFR 2026 (not found online), FY2026 (draft amended budget); Secrétariat Général du Gouvernement, Loi de Finances Initiale 2026, L/2026/010/CNT, FY2026