Issue 69 of the Economic Situation Note Regional (NCR) focuses on the economic and financial situation as well as on UEMOA's foreign trade in the third quarter of 2025, while offering a brief projection for the whole year. It highlights a sustained increase in budget revenues in the third quarter of 2025.

The rise in UEMOA budget revenue is driven by increased mobilization of fiscal and non-fiscal resources in all Member States. On the aspect of public finances, the NCR does show a significant increase in total budgetary revenues.

These recipes thus came to 5,805.7 billion FCFA in the third quarter of 2025, against 4 849.8 billion FCFA in the same period of the previous year. This development represents an increase of 955.9 billion CFA francs, i.e. an increase of 19.7% year-on-year. This This dynamic can be observed in all the Member States of the Union.

The largest increases were recorded in Côte d'Ivoire (+366.1 billion FCFA, or +17.8%), in Burkina Faso (+223.8 billion FCFA, or +17.8%) billion FCFA, or +30.6%), in Mali (+145.0 billion FCFA, or +23.2%) and in Niger (+137.3 billion CFA francs, or +68.8%). Progressions have also were raised in Senegal (+49.9 billion FCFA, or +5.1%), in Togo (+26.2 billion FCFA, or +11.7%) and in Guinea-Bissau (+7.7 billion FCFA, or +24.7%).

Tax revenue increased by 781.7 billion CFA francs, corresponding to an increase of 19.7% compared to the third quarter 2024. This performance reflects increased mobilization in the entire zone, especially in Côte d'Ivoire (+348.9 billion FCFA, or +21.4%), in Mali (+152.6 billion FCFA, or +33.9%), in Burkina Faso (+130.5 billion FCFA, or +21.8%) and in Niger (+99.3 billion FCFA, or +54.6%).

With respect to non-tax revenues, they also contributed to overall growth, with an increase of 184.0 billion CFA francs, or +32.6% year-on-year annual. This increase was mainly driven by Burkina Faso (+90.1 billion FCFA, or +76.8%), Niger (+39.2 billion FCFA, or +296.6%), the Ivory Coast (+30.0 billion FCFA, or +9.8%) and Senegal (+28.2 billion FCFA, or +9.8%) billion CFA francs, i.e. +39.0%). Conversely, a drop in revenue no taxation was observed in Mali (-9.1 billion FCFA, or -28.0%