Senegal cuts 2026 investment by 555 billion CFA francs
By the AFREEQUE newsroom, based on Lesoleil
The Senegalese government plans to cut 2026 investment appropriations by 555 billion CFA francs in its supplementary finance bill. Revenue is expected to fall by 340.3 billion, while expenditure is projected to rise by 540 billion, according to Prime Minister Ahmadou Alhaminou Mohamed Lo and minister Cheikh Diba, Le Soleil reports.
Senegal is cutting the investment appropriations planned in its 2026 budget by 555 billion CFA francs. Presented on Sunday 25 October, the supplementary finance bill is intended to adjust public spending in response to falling revenue and rising expenditure, Prime Minister Ahmadou Alhaminou Mohamed Lo said at a press conference.
Public revenue is expected to fall by 340.3 billion CFA francs, while expenditure is projected to rise by 540 billion, according to Cheikh Diba, Minister of the Economy, Finance and Planning. Some investment projects will be postponed until 2027, while the government aims to protect the state’s essential functions.
By the end of September, Customs and the Directorate General of Taxes and Domains had exceeded their collection targets by 81.2 billion CFA francs. This performance did not, however, offset the shortfall in resources expected from the Economic and Social Recovery Plan, which were not mobilised at the projected level.
Rising oil prices are also weighing on public finances. Forecasts were based on a price of $64 a barrel, while prices have exceeded $110 and reached about $120 before the press conference. Cheikh Diba estimates that the budget deficit could reach 10%, with financing needs exceeding 6,700 billion CFA francs.
The budget revision follows announcements about declining revenue, including the forecast of 340.3 billion CFA francs less in revenue. Energy subsidies are meanwhile expected to reach 790.3 billion CFA francs.
