Senegal posted a budget deficit of 588.3 billion CFA francs by the end of the second quarter of 2025, representing 34.7% of the annual target, according to a report from the Ministry of Finance and Budget.
This comes despite robust economic expansion, with overall GDP growth projected at 12.1% due to the start of oil and gas production, while non-hydrocarbon growth stood at 3.1%.
State revenues reached 4,474.1 billion CFA francs, or 43.1% of annual forecasts, largely driven by tax receipts totaling 2,090.4 billion CFA francs. However, budgetary donations fell far short of expectations, bringing in just 19.3 billion CFA francs, or 8% of projections.
Expenditures amounted to 2,814.6 billion CFA francs, representing 41.9% of the yearly forecast, with ordinary expenses—including a wage bill of 724.1 billion and energy subsidies of 370 billion—taking the largest share.
Public investment lagged behind at an execution rate of only 30.1%, while debt servicing consumed 1,331.2 billion CFA francs.
The report also noted a 13.2 billion CFA surplus in the National Pension Fund but highlighted financial strain on public bodies, which executed less than a third of their budgets and accumulated debt of 820.3 billion.
Authorities say these figures underscore Senegal’s struggle to balance fiscal stability with its ambitious investment drive during the ongoing energy transition.
