This report does not constitute a rating action. Overview Institutional and economic profile Flexibility and performance profile Hydrocarbon production and improving mining sector trends should underpin Senegal?s economic growth and somewhat cushion the worrisome state of public finances. Senegal?s financing needs, with elevated twin deficits, remain exposed to external uncertainty. -- The country's deficit and debt figures have been restated to fundamentally weaker levels and force the current administration to implement rapid fiscal consolidation, which it should be able to facilitate with the large parliamentary majority it has. -- The government's fiscal consolidation strategy is very ambitious, with a deficit declining to 7% by 2025 and 3% by 2027 from 11.4% in 2024, and present execution risk because it will
