Cheikh Diba, Senegal’s Finance Minister, announced 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 emerged during tense negotiations with the International Monetary Fund (FMI), prompting Waly Diouf Bodian, a senior advisor to Prime Minister Ousmane Sonko, to vigorously defend the government’s performance.
PRES targets 762.6 billion CFA francs in 2026 revenue
The PRES, unveiled by Prime Minister Sonko on August 1, 2024, aims to mobilize 5,667 billion CFA francs between 2025 and 2028. For 2026 alone, the government expects an additional 762.6 billion in revenue under the initial finance law. So far, 63.4 billion has been collected, including 7.9 billion from customs duties, according to data presented by Cheikh Diba. Nearly 700 billion remains to be collected to meet the annual target.
The FMI is closely monitoring Senegal’s fiscal trajectory amid significant financial challenges. The government’s ability to meet revenue targets is a key factor in ongoing discussions with the Bretton Woods institution regarding a potential support program.
Government counters criticism over PRES revenue pace
In response to critical media reports questioning the slow pace of revenue collection, Waly Diouf Bodian asserted that the plan generates between 15 and 20 billion CFA francs monthly. He highlighted that measures targeting land reforms and money transfers are expected to yield increasing returns in the coming months.
The government faces scrutiny this Friday during a parliamentary session on current affairs, where lawmakers will assess the PRES’s actual revenue performance against the quarterly targets set in the finance law.