The Ministry of Finance and Budget recently published the multi-year budgetary and economic programming document for the period 2025-2027, providing an overview of the country’s financial projections.
According to this document, the overall budgetary resources for the year 2025 are estimated at 5,677.7 billion FCFA (approximately 8.63 million euros), representing an increase of 15.5% compared to the revised amount for 2024. This This progression reflects the government’s efforts to increase tax revenues and optimize public resources.
Over the period 2025-2027, budgetary resources should follow an upward trend with an average growth rate of 19%. The tax burden is projected at an average of 21.2%, up from the 20.1% forecast for 2024. Total spending for 2025 is scheduled at 6,390.2 billion FCFA, marking an increase of 8.7% compared to revised 2024 forecasts.
For overall investments, they are estimated at 1,811.5 billion FCFA, divided between 1,087.1 billion FCFA from internal resources and 724.4 billion FCFA from external resources. Regarding public debt, at the end of December 2023, the outstanding debt of the central administration is estimated at 13,772.8 billion FCFA, an increase of 16.9% compared to 2022. The debt in foreign currencies represent 65.3% of the total, compared to 34.7% for debt in FCFA.
The current regime has criticized the 2024 budget year for a lack of sincerity, with an announced budget of 7,003 billion FCFA. However, according to Bassirou Diomaye Faye and Ousmane Sonko, this budget would rather be around 5,000 billion FCFA, raising questions about transparency and budget management.
The outstanding short-term debt in foreign currencies is 111.9 billion FCFA, while that of the medium and long term amounts to 13,660.9 billion FCFA, representing 99% of the debt portfolio. In terms of residence, 16.8% of the debt stock is held by Senegalese residents, or 2,317.08 billion FCFA, compared to 83.2% held by non-residents, or 9,191.3 billion FCFA.
