The Minister of Finance, Cheikh Diba, disclosed in a parliamentary address that the Plan de Redressement Économique et Social (PRES) has mobilized 63.4 billion West African CFA francs this year. These figures were revealed amid ongoing tense negotiations with the International Monetary Fund (FMI), prompting Waly Diouf Bodian, a senior advisor to Prime Minister Ousmane Sonko, to defend the government’s economic recovery strategy.
Progress lags behind 2026 revenue targets
The PRES, unveiled by Prime Minister Sonko on August 1, 2024, outlines a broader financial mobilization of 5,667 billion West African CFA francs from 2025 to 2028. For 2026 alone, the government aims to secure an additional 762.6 billion francs through its initial budget law. As of now, only 63.4 billion has been collected, with 7.9 billion stemming from customs revenues, according to Diba’s presentation. Nearly 700 billion francs remain outstanding to meet the annual goal.
The FMI is closely monitoring Senegal’s fiscal trajectory, particularly as the country grapples with severe financial strain. The government’s ability to meet revenue targets will significantly influence ongoing discussions with the Bretton Woods institution regarding potential financial support.
Government pushes back against critical media narratives
In response to skepticism from certain press outlets questioning the slow pace of revenue collection, Waly Diouf Bodian emphasized that the PRES generates between 15 and 20 billion West African CFA francs monthly. He assured that initiatives targeting land reforms and money transfers are expected to yield stronger results in the coming months.
The government faces further scrutiny this week during a parliamentary session focused on current affairs. The session will delve into the PRES’s actual revenue performance compared to the quarterly targets set in the budget law.
