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Trade - The trade deficit widens in the second quarter

05/09/2019
Source : AllAfrica
Categories: Companies

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In the second quarter of 2019, informs the Department of Forecasting and Economic Studies (Dpee), in
its latest publication "Note de Conjoncture of the second quarter" Senegal's trade deficit has
deteriorated by 124.1 billion, in quarterly variation, to settle at 418.4 billion.
This situation reflects a decline in exports (-77.8 billion) combined with the increase in
imports of goods (+52.5 billion). Consequently, the rate of coverage of imports by
exports fell by 12.1 percentage points to stand at 53.3%.
According to the same source, at the end of the second quarter of 2019, budget execution was marked by a
sustained increase in resources and satisfactory execution of public expenditure.
Indeed, the revenue and donations mobilized stood at 1,269.8 billion, increasing by 10.1%, in
year-on-year, while expenditure increased by 19.4% to reach 1738.8 billion.
As a result, the budget balance (including grants) showed a deficit of 469.1 billion at the end of June 2019
against a deficit of 303.2 billion a year earlier.

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