Gabon Plans New Housing Tax to Help Tackle Rising Debt

Gabon is planning to introduce a new housing-related tax as part of efforts to strengthen public finances and rein in rising debt levels, government officials said. The proposed levy would target certain residential properties and real estate transactions, adding a fresh revenue stream at a time when the country is under pressure to improve fiscal sustainability.

The finance ministry said the tax forms part of a broader package of budgetary reforms aimed at boosting non-oil revenues and reducing reliance on borrowing, as reported by Reuters. Gabon’s debt burden has increased in recent years due to weaker oil revenues, higher public spending and tighter global financing conditions, prompting authorities to seek more stable domestic sources of income.

Officials have stressed that the housing tax would be designed to protect low-income households while focusing on higher-value properties and urban real estate markets. Government advisers told local media that proceeds from the levy would be directed toward debt servicing and priority social spending, including infrastructure and housing development.

Economists say the move signals Gabon’s intention to demonstrate fiscal discipline to lenders and international partners. Analysts cited by regional media outlets note that successful implementation of the tax could help stabilise public finances, though its effectiveness will depend on enforcement capacity and public acceptance amid a challenging economic environment.

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