Madar (Conakry) - Guinea's Minister of Economy, Finance and Budget, Mariama Ciré Sylla, on Saturday, October 24, 2026, presented the amended 2026 finance bill to the National Assembly at a plenary session chaired by Assembly President Dansa Kourouma, according to Guineenews and Avenir Guinée.
According to figures given by the minister, revenue collected by October 15 reached 44,225 billion Guinean francs, or 85% of the initial budget forecast, while spending commitments stood at 29,982 billion.
The bill centres on keeping the price of fuel at 12,000 Guinean francs per litre despite volatile international prices, with 5,489 billion Guinean francs earmarked for the fuel subsidy mechanism, about 10% of expected tax revenue, on top of estimated revenue losses of around 4,576.7 billion linked to fuel measures.
The bill raises the average inflation forecast to 5.2% from an initial 3.5% and increases overall spending by 5.8%, mainly current spending and support for households, while investment spending is cut by 2,729 billion Guinean francs following a review of projects under the Simandou 2040 programme. The deficit is projected at 2.01% of GDP, against 2.07% initially.
Planning and International Cooperation Minister Ismaël Nabé pointed to persistent geopolitical tensions, "particularly in the Middle East," fuelling inflationary pressures, while Kourouma urged ministries and finance departments to remove obstacles to the disbursement of funds, saying the "effective delivery of projects" must remain the priority.
