Expenditures are expected to reach 6,614.8 billion FCfa compared to 5,755.4 billion for the 2024 LFI, an increase of 859.4 billion FCfa in absolute value and 14.9% in relative value. “This budget marks a catch-up effect compared to the 2024 financial year, strongly impacted by the effects of socio-political tensions during the first quarter of 2024 and by the continued slowdown in economic activities throughout the rest of the year, excluding the transport sector. energy,” the document mentions.
The estimates of revenues from the exploitation of hydrocarbon resources, based on the price assumptions of the world economic outlook published by the IMF services, in October 2024, are established for the years 2024, 2025, 2026 and 2027, with respective amounts of 49.65 billion FCfa, 72.53 billion, 87.87 billion and 155.20 billion FCfa. Thus, the 2025 budget records tax and non-tax revenues from the exploitation of hydrocarbons in the amount of 72.53 billion FCfa.
This amount is distributed as follows: 50.85 billion FCfa (70%) for the general budget, 21.68 billion (30%) returned to the special accounts (7.25 billion for the Intergenerational Fund and 14.43 billion for the Stabilization Fund). In addition, the 2025 budget year will be an opportunity to “in-depth renovate our tax and customs provisions, with reforms to the General Tax Code and the Customs Code”. Thus, revenue growth is projected at 20% compared to the expected situation at the end of 2024 and 3.6% compared to initial forecasts for 2024.
Senegal
