Senegal maintained relatively controlled budget execution during the first quarter of 2026 despite a challenging international environment marked by geopolitical tensions and economic uncertainties.
According to the government’s quarterly budget execution report, total budget revenues reached 1,149.7 billion CFA francs by the end of March, representing 19.4 percent of the annual target and an increase of 11.9 percent compared to the same period in 2025.
Tax revenues remained the main source of public income, rising by 14.1 percent to 1,095.7 billion CFA francs, driven largely by oil and gas-related taxes and domestic indirect taxes, while non-tax revenues declined by 23.6 percent to 41 billion CFA francs.
Government expenditure stood at 1,482.7 billion CFA francs, representing 20.6 percent of annual projections, with ordinary spending accounting for 1,185.5 billion CFA francs. Capital expenditure remained relatively low at 297.2 billion CFA francs, while debt interest payments reached 285 billion CFA francs.
The budget deficit was contained at 333 billion CFA francs, equivalent to 1.4 percent of GDP, significantly below the annual target of 5.37 percent of GDP.
The report also noted a surplus of 12.9 billion CFA francs by the National Pension Fund and highlighted continued growth in domestic revenue collection, helping to maintain overall fiscal stability during the period.
