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Energy subsidies: more than 1800 billion accumulated over the last three years

21/06/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The head of the Mission of the International Monetary Fund (IMF) in Senegal, Edouard Gamayel announced that the total of energy subsidies over the last three years amounts to 1800 billion CFA francs.

During a press conference, Edouard Gamayel declared “if we take the total of the last three years, the energy subsidies are 1800 billion FCFA”. According to him, these non-targeted subsidies are very expensive for the budget and prevent “spending on education, health, investments...”. The head of the Mission of the International Monetary Fund (IMF) in Senegal noted that institutions such as the IMF and embassies do not need these grants that they are now beneficiaries of

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