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Reduction of social inequalities in Senegal: the WB recommends an increase in tax revenues

14/06/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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In an effort to reduce social inequalities and strengthen economic resilience, the World Bank recommends The State of Senegal to The State of Senegal to strengthen the mobilization of tax revenues. The information comes from a report published on Wednesday by the World Bank on the economic situation of the country in 2023.

Adama Seck, coordinator of the study and planning unit at the Ministry of Finance and Budget, said that the World Bank report “highlights the urgent need to increase our tax revenues in order to strengthen Senegal's economic resilience to face future shocks.” According to the coordinator, “considerable” efforts have been made to maintain a certain “macroeconomic stability” despite a “difficult international context”. The World Bank report style="font-family: "Bookman Old Style”, "serif"> reveals that Senegal “withstood” relatively well” the “multiple shocks” and that the incidence of poverty remains relatively unchanged at 37.5% in 2021-22 compared to 37.8% in 2018-19, despite

the pandemic.
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