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Senegal parliamentary committee to review revised budget key for new IMF deal

Reuters
Senegal parliamentary committee to review revised budget key for new IMF deal

DAKAR, Oct 27 (Reuters) - The ‌finance committee of Senegal's National Assembly will review a revised budget ​it initially ‌rejected and that is crucial to ‌sealing a new programme with the International Monetary Fund, National Assembly President Ousmane Sonko ‌said on Tuesday.

• Finance Minister Cheikh Diba requested that the committee take another look at the revised budget during a parliamentary debate on ⁠Tuesday

• Sonko said he was referring the ‌text to the committee ⁠and that he would work to set dates ​for committee proceedings and the next plenary session

• Senegal has been grappling with ​a debt burden that had reached ​132% ‌of gross domestic product by the end of ​2024, IMF figures show, after the government ⁠discovered billions of dollars in ‌misreported borrowing ​by the previous administration

• ​The amended 2026 budget cuts real GDP growth to 2.7% from roughly 5% and widens the deficit to 7.6% of GDP ‌from 5.4%

• Sonko said earlier this month that lawmakers from his Pastef party would ‌not ​vote for the bill as it stood, and the finance commission rejected it last week

(Reporting by Ayen Deng Bior and Diadie Ba; ‌Editing by Robbie Corey-Boulet and Hugh Lawson)