The Senegalese Ministry of Fisheries and Maritime Economy (MPEM) has submitted its 2027 budget project to the National Assembly's Finance and Budget Control Commission. The proposed budget stands at 33,710,751,297 FCFA in payment credits, marking a 3.47% increase from 2026. This budget is built on a combined mobilization of internal and external resources, aligning with the country's macroeconomic equilibrium consolidation and strategic orientations outlined in Vision Sénégal 2050.
A significant portion of the budget, 22,330,994,614 FCFA in payment credits, is allocated from internal resources, representing a 9% decrease from 2026. Conversely, external resources are expected to increase by 42%, totaling 11,379,756,683 FCFA in payment credits. This shift towards external funding highlights the government's strategy to diversify its revenue streams and support the sector's growth through international partnerships.
The 2027 budget plan includes funding for new projects, such as the construction of the Joal fishing quay for 2,103,488,829 FCFA and a laboratory for analyzing fishing products for 3,000,000,000 FCFA. These investments aim to modernize the country's fishing infrastructure, enhance the quality of fishing products, and improve the overall competitiveness of the sector.
The fishing and aquaculture sector will receive 14,288,485,609 FCFA in payment credits, accounting for approximately 42% of the ministry's budget. This substantial allocation underscores the government's commitment to developing the sector, which is crucial for Senegal's economy and food security. The sector's growth is expected to create jobs, increase revenue, and contribute to the country's economic development.
The ministry's budget project is part of a broader effort to align with the Vision Sénégal 2050 strategy, which aims to transform the country's economy and improve the standard of living for its citizens. The budget's focus on infrastructure development, resource mobilization, and sectoral growth reflects the government's priorities for sustainable economic development.
The proposed budget for the Ministry of Fisheries and Maritime Economy is one of several sectoral budgets being reviewed by the National Assembly. Other ministries, including the Ministry of Interior and Public Security, Ministry of Justice, and Ministry of Telecommunications and Digital Technology, have also presented their 2027 budget projects. These submissions are part of the country's budget preparation process for 2027.
The Ministry of Fisheries and Maritime Economy's 2027 budget project is available for review, along with other budget documents, on the Vie Publique Senegal website. The document provides detailed information on the ministry's budget, including its strategic orientations, resource allocations, and project funding. This transparency initiative aims to enhance public understanding and engagement with the country's budgetary processes.
Key points
- The Ministry of Fisheries and Maritime Economy's 2027 budget is 33.7 billion FCFA, a 3.47% increase from 2026.
