Senegal: PRES revenue forecast cut to 311.5 billion CFA francs, far below 762.9 billion target

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Senegal has cut its 2026 revenue forecast for the Economic and Social Recovery Plan (PRES) from 762.9 billion to 311.5 billion CFA francs, a shortfall of more than 450 billion. The figures appear in the National Assembly Finance Committee’s report on the 2026 amending finance bill (LFR).

The report, presented by general rapporteur Mady Danfakha, covers the committee’s sessions of 20 and 23 October 2026, chaired by Alphonse Mané Sambou, on bill No. 40/2026. Minister of Economy, Finance and Planning Cheikh Diba and Budget Minister Bassirou Sarr defended the text. The figures were first reported by the Senegalese news site Nettali.

174 billion collected by October

Launched in August 2025, the PRES was designed to boost the state’s own revenue through a series of tax and non-tax measures. According to the report, the minister told the committee on 23 October that only 174 billion CFA francs had been collected by that date and that the plan’s revenue was not expected to exceed 311 billion by year-end. At the first session, he had reported a shortfall of 152.7 billion against targets at the end of September.

The report states that the minister acknowledged that reservations voiced by some MPs during the vote on the 2026 initial finance law, about the state’s ability to meet its revenue targets, had proved well-founded.

Land, telecoms and gaming fall short

Several measures have not delivered. Land title regularisation, expected to raise 100 billion CFA francs, has been pushed back to 2027 and 2028. The government cites its voluntary nature and legal constraints. The 50 billion expected from renegotiating telecom concessions still depends on unfinished talks.

Gaming is another weak spot. According to the minister, the monthly revenue of the national lottery, Lonase, fell from about 15 billion CFA francs at the start of the year to less than 4 to 5 billion. The new tax regime reportedly pushed some players towards illegal platforms or to other countries in the sub-region.

Money transfers: a tax on operators’ turnover

For money transfer services, the government now favours a progressive tax on operators’ turnover rather than on individual transactions. The report mentions rates of 8% on turnover up to 150 billion CFA francs, 9% between 150 and 300 billion, and 10% above that. According to the minister, the approach makes tax collection easier and protects financial inclusion. The operators consulted reportedly raised no particular objection.

The government is also proposing to scrap stamp duty on cash payments below 100,000 CFA francs. Above that threshold, a 1% rate would apply to the full payment.

Investment projects frozen

As a result of the revision, some projects funded by PRES revenue have been frozen, according to the minister, who stressed that they have not been abandoned. The Grand Water Transfer project, worth 50 billion CFA francs, and the construction of 35 health centres have been moved to the 2027 initial finance law.

Bill rejected in plenary

The finance committee rejected the amending bill by a majority on 23 October and again on 30 October. On 3 November, the National Assembly rejected it in plenary by adopting a preliminary motion tabled by MP Amadou Ba (Pastef), who cited concerns over the credibility of the budget forecasts, according to Sud Quotidien as quoted by APS. After the session, Minister Cheikh Diba said the next steps were now a matter for the President of the Republic.

On 7 November, the finance committee also rejected several provisions of the 2027 initial finance bill, including those on revenue and public debt, Financial Afrik reported. The fate of the PRES measures, and of the projects postponed to 2027, now hinges on the outcome of this budget standoff (in French).

Source: Report of the Finance and Budget Control Committee on bill No. 40/2026 (National Assembly of Senegal, in French).

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