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[Gabon's 2027 Budget Proposes $2 Billion in International Financing, Betting on Increased Oil Production] ⑴ The Gabonese government plans to raise approximately CFA francs (about $2.01 billion) from international markets in 2027. The draft budget assumes accelerated economic growth and a rebound in oil production, while debt repayment and principal payments increase significantly. ⑵ The fiscal bill has been approved by the cabinet and is awaiting parliamentary approval. Total national resources and expenditures are set at CFA francs of 6.223 trillion, an increase of approximately CFA francs compared to the revised 2026 budget, according to a statement released by the Ministry of Economy and Finance over the weekend. ⑶ The 2027 financing plan also includes raising CFA francs of 600 billion from domestic or regional markets, CFA francs of bank loans, CFA francs of budgetary support, and CFA francs of project financing. ⑷ Economic growth is projected at 4.5% in 2027, higher than the 4.0% in 2026. (5) Oil production is projected to increase by 4.1% to 11.3 million tons, compared to 10.8 million tons in 2026. (6) The budget assumes an average price of US$70 per barrel for Gabonese crude oil in 2027, lower than US$80 in 2026. (7) Manganese production is projected to increase by 8.6% to 10.35 million tons, assuming a price increase of 45% to US$241.9 per ton. (8) Iron ore production is expected to start in 2027, with a projected output of 1.5 million tons. (9) Debt repayment costs are projected at CFA 667.3 billion in 2027, higher than the CFA 487.6 billion in the revised budget for 2026. (10) The budget for debt principal repayment in 2027 is CFA 1.88 trillion, and the government also plans to repay CFA 142.9 billion in outstanding debt. 11. Overall, the budget bets on increased oil production and mining expansion to support growth, but debt repayments and principal payments are rising significantly. Financing conditions and commodity price performance will be key variables.