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Budget bill 2024: the Senegalese government wants to achieve a tax pressure rate of 19.4%

17/10/2023
Source : ORISHAS FINANCE
Categories: Sectors

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The Senegalese government intends to strengthen its fiscal sovereignty and achieve a tax pressure rate of 19.4%. This is one of the priorities set for the 2024 finance bill.

The 2024 finance bill is projected at 7,003.6 billion FCFA and Senegal plans to achieve a growth rate of 9.2% in 2024. To achieve its objective, the country's government wanted to strengthen fiscal sovereignty, that is, improve revenue mobilization. According to Senegal's 2024 finance bill, “in the face of policies to tighten credits and the drop in official development assistance, it is becoming imperative for the State to strengthen its budgetary sovereignty through greater mobilization of internal resources.” This policy is based on the Medium-Term Revenue Strategy (Srmt), in line with economic policy objectives

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The country is also focusing on other levers, such as the implementation of VAT on the provision of digital services, as online sales of goods and services via digital platforms are clearly booming in Senegal.

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