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Hydrocarbon production in Senegal: Mamadou Moustapha Ba announces good prospects

21/09/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Dans le la revue “Echos Finances” N°22 qui couvre les mois de July, August and September 2023, Minister Mamadou Moustapha Ba announced good prospects for Senegal with the production of hydrocarbons.

In the editorial of the Ministry of Finance and Budget, it is indicated that “the economic outlook looks very good with hydrocarbon production, the continuation of medium-term revenue strategy efforts, etc. Thus, a budget of seven thousand (7.000) billion FCFA is expected in 2024, a record amount compared to the initial budget Of 2012 which was worth 2,344.8 billion FCFA. Economic growth is projected at 12.4%, tax revenue is expected to increase by 23% and the budget deficit to 3.9% of GDP, down significantly compared to

2022.”
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