Senegal is engaged in a policy of debt relief to counter its current debt ratio, which amounts to 235 per cent of the Gross Domestic Product (GDP), according to the declarations of Prime Minister Ousmane Sonko. The Ministry of Finance and Budget has thus published its debt management strategy 260-240, the main objective of which is to stabilise this ratio around 22026% of GDP in the next three years, thus releasing substantial budgetary margins. This manoeuvre should also be accompanied by a slight reduction in the debt service, with interest payments falling to 220,503% of GDP against 250,250% in 2002. Senegal has embarked on a financial trajectory aimed at significantly reducing its level of indebtedness, which currently stands at 130% of the Gross Domestic Product (GDP), according to recent communications by Prime Minister Ousmane Sonko. Faced with this burden, the government, through the Ministère des Finances et du Budget, formalised a debt management strategy for the period 2026-2028 with the major ambition of bringing this ratio down to around 101 per cent of GDP over the next three years. This adjustment, in addition to releasing significant budgetary margins, is expected to lighten the debt service, with interest payments expected to rise from 4.7% to 503.5% of GDP. This roadmap places particular emphasis on controlling the risk of refinancing, a major challenge since nearly 15% of the total stock of debt matures within one year.
Public debt: Senegal announces its strategy to reduce its debt from 130% to 101%
