Senegalese public finances mobilized 1,240 billion CFA francs at the end of last June, a
amount up 7.5% year-on-year, indicates the Department of Forecasting and Studies
Economics (DPEE).
The budget balance, including grants, showed a deficit of 452.8 billion at the end of June 2019, against a
deficit of 303.2 billion in the same period of the previous year, adds the DPEE whose Monthly Point of
outlook for the month of June has just been published.
Resources mainly comprise budget revenue (1,185.2 billion) and donations (54.8
billion).
"Their increase, year-on-year, is mainly attributable to budgetary revenues (+11.3%),
donations decreased by 8.7% over the period.
In particular, tax revenue stood at 1,116.4 billion at the end of June 2019, compared to 1,008.5
billion a year earlier, an increase of 10.7%.
The DPEE explains this dynamic by "the good performance of the collection of duties and taxes in the
customs cordon (362.6 billion), income tax (199.3 billion) and the specific oil tax
(66.6 billion), with respective increases of 16.8%, 12.4% and 46.1%".
"The repatriation of parafiscal taxes amounting to 36.2 billion also contributed to the good
behavior of budgetary revenues", adds the document.
Budgetary expenditure amounted to 1,692.8 billion at the end of June 2019, against 1,456.7 billion a
year earlier, an increase of 236.1 billion (+16.2%).
"This situation is the result of respective increases of 15.3% and 17.6% in current expenditure and
investments, explains the DPEE.
The increase in current expenditure is mainly driven by interest charges on the public debt
(172.5 billion), payroll (362.0 billion) and operating expenses (479.1 billion) which
strengthened by 27.7%, 15.3% and 15.6% respectively.
The Department of Forecasting and Economic Studies emphasizes that "budgetary management, at the end of June
2019, is characterized by satisfactory mobilization of revenue and sustained execution of
public expenses".