Senegal unveils over $490mn in budget savings for new fiscal year

Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
  • Senegal saves 280bn CFA ($497mn) by cutting government operations
  • Measures aim to ease inflation and meet IMF funding conditions

 

DAKAR, SENEGAL – Senegal’s government says it has secured more than 280 billion CFA francs ($497 million) in savings for 2025 through sweeping cuts to public spending.

Senegal’s Prime Minister, Ousmane Sonko described the move as a decisive attempt to reinforce the country’s financial stability and reduce reliance on external support.

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