Oil and gas revenues to bolster Senegal’s 2025 budget priorities
Senegal’s state budget for 2025 will benefit from an estimated 72.53 billion CFA francs in revenue generated by the country’s burgeoning oil and gas sector.
The funds will be allocated between the general budget and special treasury accounts, reflecting strategic priorities and robust production forecasts.
Of the total, 50.85 billion CFA francs—approximately 70% of the projected revenue—will go directly into the general budget.
These resources are earmarked for critical public expenditures in key sectors such as healthcare, education, and infrastructure, aiming to enhance the nation’s socio-economic development.
The remaining 21.68 billion CFA francs will be funneled into special treasury accounts to ensure the long-term sustainability of resource management.
This includes 7.25 billion CFA francs—10% of the total revenue—dedicated to the Intergenerational Fund.
This fund is designed to preserve a portion of today’s resource wealth for the benefit of future generations.
Additionally, 14.43 billion CFA francs, or 20% of the revenue, will be allocated to the Stabilization Fund.
This mechanism serves to shield Senegal’s economy from the volatility of global oil markets, ensuring fiscal stability and mitigating the impact of potential price fluctuations.
The revenue projections are based on strong production assumptions, with an estimated extraction of 30 million barrels of oil and 1.2 million tonnes of liquefied natural gas (LNG).
Integrating hydrocarbon revenues into the 2025 budget marks a strategic milestone for Senegal, enabling the country to diversify its income streams and reduce reliance on external financing.
The dual focus on stabilization and future-proofing strengthens Senegal’s economic resilience and underscores a commitment to leveraging natural resource wealth for sustainable development.
This approach, blending immediate investment in public priorities with long-term financial foresight, positions Senegal to navigate the challenges of global market dynamics while securing a prosperous future.