Senegalese lawmakers rejected, for a second time, a revised budget that is crucial to sealing a new programme with the International Monetary Fund, according to a statement from the country’s ruling party Pastef on Friday.
The finance committee of Senegal’s National Assembly said last Tuesday it would review the revised budget it had initially rejected.
• Pastef cited lack of budgetary transparency, ineffective cost-of-living measures, and the government’s refusal to provide key documents or rationalise special funds as reasons for the rejection.
• The deadlock could derail Senegal’s hopes of a board vote on a $2.2 billion (R37bn), three-year IMF programme as early as next month.
• Senegal has been grappling with a debt burden that had reached 132% of gross domestic product by the end of 2024, IMF figures show, after the government discovered billions of dollars in misreported borrowing by the previous administration.
• The amended 2026 budget cuts real GDP growth to 2.7% from roughly 5% and widens the deficit to 7.6% of GDP from 5.4%.
- Senegalese lawmakers rejected a revised budget for a second time, which is essential for finalizing a new programme with the IMF.
- The ruling party Pastef cited lack of transparency, ineffective cost-of-living measures, and the government's refusal to provide key documents as reasons for the rejection.
- The budget deadlock could delay Senegal's hopes of securing a $2.2 billion, three-year IMF programme board vote next month.
- Senegal's debt burden had reached 132% of GDP by the end of 2024, partly due to misreported borrowing by the previous administration.
- The amended 2026 budget reduces real GDP growth forecast to 2.7% from about 5% and increases the deficit to 7.6% of GDP from 5.4%.
Senegalese lawmakers rejected, for a second time, a revised budget that is crucial to sealing a new programme with the International Monetary Fund, according to a statement from the country's ruling party Pastef on Friday.
The finance committee of Senegal's National Assembly said last Tuesday it would review the revised budget it had initially rejected.
• Pastef cited lack of budgetary transparency, ineffective cost-of-living measures, and the government's refusal to provide key documents or rationalise special funds as reasons for the rejection.
• The deadlock could derail Senegal's hopes of a board vote on a $2.2 billion (R37bn), three-year IMF programme as early as next month.
• Senegal has been grappling with a debt burden that had reached 132% of gross domestic product by the end of 2024, IMF figures show, after the government discovered billions of dollars in misreported borrowing by the previous administration.
• The amended 2026 budget cuts real GDP growth to 2.7% from roughly 5% and widens the deficit to 7.6% of GDP from 5.4%.
