Senegal's 2027 budget bill cuts the primary deficit, which excludes interest, to 47.7bn FCFA (€72.7mn), or 0.2% of GDP, Finance Minister Cheikh Diba told the National Assembly's finance committee. That compares with 450bn FCFA (€686mn) in the rejected amended 2026 budget. The overall deficit falls to 1,351.7bn FCFA (€2.06bn), or 4.7% of GDP, from 1,735.2bn FCFA (€2.65bn) in the amended 2026 budget, he said.
Analysis: Interest would account for 96% of the 2027 deficit, or 1,304bn FCFA (€1.99bn) of 1,351.7bn FCFA, by our calculation. The share was 74% in the amended 2026 budget. Revenue would therefore cover almost all spending except interest, and nearly all net new borrowing would go to paying lenders. The minister put the primary deficit excluding oil and gas at 1.5% of GDP. This suggests net hydrocarbon revenue of about 1.3% of GDP keeps the primary budget close to balance, by our calculation. The finance committee rejected the bill's revenue and debt sections on November 7, and the National Assembly must vote on the bill by about December 11.
Source: Ministry of Finance and Budget, Allocution du ministre de l'Économie, des Finances et du Plan devant la Commission des finances et du contrôle budgétaire, projet de loi de finances initiale 2027 (PLFI 2027), published on vie-publique.sn on November 7, 2026, 2027 (budget bill) and 2026 (amended budget, rejected) and 2026; Ministry of Finance and Budget, Projet de loi de finances rectificative (PLFR) 2026, exposé des motifs, 2026; Ministry of Finance and Budget, Projet de loi de finances initiale 2027, as reported by Le Soleil, 2027 (draft budget) and 2026 (amended budget, rejected)