In the medium term over the period 2022-2025, Senegal's state resources should return to an upward trend with an average growth rate of 16%, according to projections by the Ministry of Finance and Budget.

" This momentum should benefit, among other things, from the full implementation of the Medium-Term Recovery Strategy (SRMT), the gradual reduction of non-essential exemptions and the further modernisation of tax and customs procedures in order to optimise revenue mobilisation and broaden the base.  ", explain the services of the Ministry of Finance in their economic and financial report annexed to the initial finance law (LFI) 2021. This LFI  presented on October 7, 2020 in the Council of Ministers, by the Minister of Finance and Budget Abdoulaye Daouda Diallo, is stopped at 4,589.15 billion FCFA against 4,215.2 billion FCFA in 2020, an increase of 373.95 billion FCFA in absolute value and 8.9% in relative value. It is expected to be discussed and voted on by Senegalese parliamentarians in a plenary session in the coming weeks.

In addition, finance ministry officials are of the opinion that the programming of the Youth Olympic Games initially planned for 2022 and the first induced effects of oil and gas exploitation from 2023 should strengthen revenue mobilization.  they point out, the tax burden is expected to increase from 18.9% in 2022 to 20% in 2023 and 21.1% respectively by 2025 ".

Under public expenditure, it was noted in the report that implementation should continue in line with the strategy of rationalizing operating expenses and consolidating investments in the years 2022 to 2025. Overall, spending would increase by an average of 13.3% over the period 2022 to 2025. " Thus, notes the Ministry of Finance and Budget, the weight of expenditure in relation to gross domestic product (GDP) would come out, on average, at 26.3% over the period 2022-2025 against 24.1% in 2019 and the deviation of 27.7% in 2020 ."

This acceleration of spending would be driven by the ambitious investment programs undertaken under Phase II of the Plan Sénégal Emergent (PSE) as well as the infrastructure and construction sites of the oil industry.

Regarding Senegal's budget deficit, the services of the Ministry of Finance argue that after the deviation of its trajectory with 6.1% in 2020 induced by the occurrence of Covid-19, " the Government intends to reduce it and maintain it at 3% of GDP from 2023 after the transition of 5% in 2021 and 4% in 2022 ". This is intended to further strengthen the soundness of fiscal policy and the sustainability of public finances. To do this, it is estimated at the level of the Ministry of Finance that the projections of public finances made over the period 2021-2025 provide for a strengthening of revenue mobilization associated with a rationalized management of consumption expenditure.