The Senegalese Ministry of Economy, Finance, and Planning has released its quarterly budget execution report as of September 30, 2026. The report indicates that the country's budget revenue stood at 3,785.2 billion FCFA, which is 63.8% of the annual target of 5,932.2 billion FCFA. This includes internal revenue of 3,739.3 billion FCFA, representing 65.1% of the annual target and 97.6% of the target for the end of September.
The report highlights that the economic activity in Senegal remained well-oriented, with a 6.1% growth in real GDP in the second quarter of 2026, and 6.4% excluding hydrocarbons. The inflation rate was 1.0% in September, down from 1.2% in August. The revenue shortfall of 91.7 billion FCFA is mainly attributed to lower-than-expected revenue from the Economic and Social Recovery Plan (PRES), which was 162.3 billion FCFA.
The report also notes that tax revenue stood at 3,484.3 billion FCFA, representing 64.7% of the annual target and 96.5% of the target for the end of September. This is an increase of 496.4 billion FCFA (16.6%) compared to the same period last year, mainly driven by corporate tax. Non-tax revenue was 255.0 billion FCFA, representing 116.1% of the target for the end of September and 71.6% of the annual forecast.
The report further indicates that total budget expenditure was 4,370.7 billion FCFA, representing 60.8% of the available credits. Ordinary expenditure was 3,302.7 billion FCFA, representing 75.4% of the available credits, while capital expenditure was 1,068.0 billion FCFA, representing 38.1% of the available credits. The budget deficit was 585.5 billion FCFA, representing 2.5% of the nominal GDP.
The report also provides information on the National Pension Fund (FNR), which recorded an excess of 28.2 billion FCFA as of September 2026. The revenue was 144.6 billion FCFA, and expenditure was 116.4 billion FCFA, representing 62.9% of the annual allocation. The number of contributors increased from 152,787 to 161,213, while the number of pensioners was 77,850.
In addition, the report indicates that 188 public organizations with a consolidated budget of 2,445.6 billion FCFA were monitored. The revenue mobilized was 1,166.5 billion FCFA (47.7% of the forecast), and expenditure executed was 980.7 billion FCFA (40.1%). The investment execution rate was 20.6%, while the operating execution rate was 58.3%.
The Senegalese government's budget execution report highlights the country's economic performance and budget management. The revenue and expenditure figures indicate a relatively good performance, but also reveal challenges in achieving the annual targets. The government will need to continue implementing measures to improve revenue mobilization and expenditure management to achieve its budget objectives.
Key points
- Senegal's budget revenue reached 3,785.2 billion FCFA by September 2026, representing 63.8% of the annual target.
- The country's economic activity remained well-oriented, with a 6.1% growth in real GDP in the second quarter of 2026.
- The budget deficit was 585.5 billion FCFA, representing 2.5% of the nominal GDP.
