The Senegalese Minister of Finance, Cheikh Diba, disclosed last Friday before the National Assembly that the Economic and Social Recovery Plan (PRES) had generated 63.4 billion CFA francs this year. These figures were unveiled amid strained negotiations with the International Monetary Fund (FMI), prompting Waly Diouf Bodian, a key political advisor to Prime Minister Ousmane Sonko, to vigorously defend the government’s record.

PRES aims for 762.6 billion CFA francs in 2026, but only 63.4 billion collected so far

The PRES, unveiled on August 1, 2024, by Prime Minister Sonko, outlines a strategy to mobilize 5,667 billion CFA francs between 2025 and 2028. For 2026 alone, the government expects an additional 762.6 billion francs in revenue, as outlined in the initial budget law. To date, only 63.4 billion has been collected, including 7.9 billion from customs duties, according to Diba’s presentation. Nearly 700 billion francs remain to be recovered to meet the annual target.

The FMI is closely monitoring Senegal’s budgetary trajectory amid significant financial challenges. The government’s ability to meet revenue targets will heavily influence ongoing discussions with the Bretton Woods institution regarding a potential support program.

Waly Diouf Bodian counters criticism over PRES revenue pace

In response to critical media reports, including those from La Tribune, which suggest the collection pace falls far short of announced goals, Waly Diouf Bodian asserted that the plan generates between 15 and 20 billion CFA francs monthly. He emphasized that measures targeting land and money transfers are expected to yield increasing results in the coming months.

The government is set to face scrutiny this Friday during a parliamentary session dedicated to current affairs. The actual revenue trajectory of the PRES compared to the quarterly targets set in the budget law will likely be a focal point of the executive’s review.