Senegal: The Court of Audit warns of shortcomings in the management of public finances.

The final report of the Court of Auditors, published on February 13th, paints an alarming picture of Senegal’s public finances between 2019 and March 2024.

It points to a public debt of 18,558.91 billion FCFA, or 99.67% of GDP, well above the figures put forward by the former regime of Macky Sall.

In addition to this ‘colossal debt’, the report highlights ‘regulatory shortcomings’: Expenditure outside the Treasury circuit, undeclared special accounts, opaque transactions and the sale of public buildings followed by their rental by the State.

The new authorities are facing a critical financial situation: the needs to achieve development objectives by 2050 are estimated at 18,000 billion FCFA, equivalent to the current debt.

Source: VOA