The Senegalese economy has recorded significant fiscal performance in the second quarter of 2026. According to the report from the Directorate of Forecasts and Economic Studies (Dpee), the country's budget resources stood at 2,617.8 billion FCfa as of June 2026, up from 2,220.4 billion FCfa in the same period last year. This represents a substantial increase of 397.4 billion FCfa, or 17.9%, driven primarily by the growth in tax revenue.
The tax revenue, which stood at 2,479.0 billion FCfa, was boosted by strong performance in several key areas. Specifically, income tax, profits, and capital gains increased by 225.4 billion FCfa to 1,111.3 billion FCfa. Taxes on goods and services rose by 62.1 billion FCfa to 952.8 billion FCfa, while taxes on foreign trade increased by 30.8 billion FCfa to 273.9 billion FCfa. These increases contributed significantly to the overall growth in tax revenue.
A closer look at the income tax, profits, and capital gains reveals that the growth was largely driven by the good performance of corporate tax, which increased by 21.0%. The cumulative payment of corporate tax stood at 625.5 billion FCfa as of June 2026, up from 517.0 billion FCfa in the same period last year. This significant increase underscores the positive trend in corporate tax revenue.
The dynamism in taxes on goods and services can be attributed largely to the domestic VAT (Value-Added Tax) excluding petroleum products, which increased by 56.3 billion FCfa, or 24.5%, to stand at 286.3 billion FCfa as of June 2026. This growth highlights the resilience of domestic economic activities and their contribution to tax revenue.
The performance of customs revenue was also noteworthy, driven by a 12.7% increase in international trade taxes, which rose by 30.8 billion FCfa. Additionally, the VAT on imports increased by 1.5%, or 5.0 billion FCfa. However, the growth in VAT on imports was somewhat moderated by a decline in the value and volume of taxable imports.
Non-tax revenues also showed a positive trend, increasing by 12.3% to stand at 104.4 billion FCfa. This growth was primarily driven by higher revenues from the domain (+15.4 billion FCfa) and the state's share of hydrocarbon revenues (+11.2 billion FCfa). However, dividend income declined by 9.0 billion FCfa to 15.7 billion FCfa.
The significant increase in fiscal revenue is a positive indicator for the Senegalese economy. It reflects the effectiveness of ongoing efforts to enhance tax collection and compliance. The government will likely view these results as encouraging, especially in the context of efforts to implement the Plan for Economic and Social Recovery (Pres).
Key points
- - Senegal's fiscal revenue increased by nearly 400 billion FCfa in the second quarter of 2026. - Tax revenues stood at 2,479.0 billion FCfa, driven by growth in income tax, profits, and capital gains, as well as taxes on goods and services. - Non-tax revenues also increased by 12.3% to 104.4 billion FCfa.
