Senegal’s National Assembly finance committee is preparing to review a revised national budget that is considered critical to securing a new financial support programme with the International Monetary Fund (IMF).
Budget Deadlock Raises Concerns
Finance Minister Cheikh Diba on Tuesday appealed to lawmakers to reconsider the draft budget after it was previously rejected by members of the ruling Pastef party, which holds a commanding majority in parliament.
Diba warned that continued delays could jeopardize Senegal’s efforts to secure international financial support at a time when the country faces significant economic pressures.
“Beyond budgetary concerns, the current situation also calls on us to show responsibility, discernment and a sense of perspective in our institutional relations,” he said.
He added that the renewed review was intended to find a constructive solution and avoid a political standoff that could harm the country’s economy.
Sonko Signals Cooperation
National Assembly Speaker Ousmane Sonko, who also leads the Pastef party, agreed to the request and pledged to facilitate the committee’s work.
According to Sonko, parliament will approach the process calmly and transparently, while working to schedule both committee hearings and a plenary session to consider the revised proposals.
IMF Programme at Stake
The budget dispute comes as Senegal seeks a 36-month, $2.2 billion programme with the IMF aimed at stabilizing public finances and restoring confidence among international lenders.
The country’s economic challenges intensified after authorities uncovered billions of dollars in previously misreported borrowing by the former administration.
According to the IMF, Senegal’s public debt had reached 132% of GDP by the end of 2024, raising concerns about fiscal sustainability.
Economic Pressures Mount
Prime Minister Ahmadou Al Aminou Mohamed has urged political leaders not to block the revised budget, arguing that further delays could worsen the country’s financial situation.
The debate comes amid growing social tensions fueled by:
- High youth unemployment
- Rising living costs
- Public frustration over economic hardship
Last week, these concerns contributed to a nationwide three-day general strike.
Outlook
The budget review is expected to be closely watched by international lenders, investors, and citizens alike. A successful agreement could unlock much-needed IMF support, while prolonged political disagreements risk complicating Senegal’s efforts to stabilize its economy and address mounting public concerns.