Senegal parliamentary committee to review revised budget crucial for IMF deal

Key facts

• The revised budget is crucial for a new IMF program.
• The budget was initially rejected by the finance committee.
• Senegal's debt burden reached 132% of GDP by the end of 2024.
• The amended 2026 budget cuts GDP growth to 2.7% and widens the deficit to 7.6%.

The finance committee of Senegal's National Assembly will review a revised budget that is crucial for securing a new program with the International Monetary Fund, National Assembly President Ousmane Sonko said on Tuesday. The budget was initially rejected by the committee. Finance Minister Cheikh Diba requested that the committee take another look at the revised budget during a parliamentary debate on Tuesday. Senegal has been grappling with a debt burden that reached 132% of gross domestic product by the end of 2024, 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%.