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Budget orientation debate: The Senegalese Minister of Finance announces a record figure for 2024

28/06/2023
Categories: Economy/Forex

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In Senegal, the initial finance bill for the year 2024 is on the agenda of the National Assembly. On Monday, June 26, during the budget orientation debate, the Minister of Finance and Budget Mamadou Moustapha Ba announced that the 2024 budget is projected

at 7 trillion FCFA.

The 2024 budget should reach a record figure of more than 7000 billion FCFA. The announcement was made by the Minister of Finance and Budget, Mamadou Moustapha Ba. He also announced a forecast of projected economic growth of 12.4%; a good increase in tax revenue, up by 23%; an increase of 113 billion FCFA in personnel expenditure; a budget deficit contained at 3.9% of

GDP.

Compared to the initial Finance Act (Lfi) 2023, “the Lfi 2024 project should see an increase of more than 586 billion FCFA in absolute value and 9.1% in relative value,” said the minister. He noted “a nearly tripling” in 12 years of the initial 2012 budget, which amounted to 2,344.8

billion FCFA.
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