Tax revenue: An increase of nearly 400 billion FCfa in the second quarter of 2026

In Senegal, fiscal performance was recorded in the second quarter of 2026. Revenues increased by nearly 400 billion FCfa.

In Senegal, budgetary resources are estimated at 2,617.8 billion FCFA at the end of June 2026, compared to 2,220.4 billion FCFA a year earlier according to the report from the Directorate of Forecasts and Economic Studies (Dpee). They are made up of 2,583.4 billion FCFA of budgetary revenues and 34.4 billion FCfa of donations. Revenues from the Economic and Social Recovery Plan (Pres) amount to 152.5 billion FCfa. Year-on-year, resources increased by 397.4 billion FCfa (+17.9%), thanks to the evolution of tax revenue collection (+370.8 billion FCfa). Tax revenues, estimated at 2,479.0 billion FCfa, benefited from the performance of “tax on income, profits and capital gains”, taxes on goods and services, as well as the tax on foreign trade, increasing respectively by 225.4 billion FCfa, 62.1 billion FCfa and 30.8 billion FCfa, to stand, in order, at 1,111.3 billion FCfa, 952.8 billion FCfa and 273.9 billion FCfa at the end of June 2026. On the other hand, the Fund for Securing Imports of Petroleum Products (Fsipp) fell by 14.8 billion FCfa (-25.4%) to stand at 43.4 billion FCfa. Concerning the tax on “income, profits and capital gains”, the performance is mainly explained by the good performance of corporate tax (+21.0%), with a cumulative payment of 625.5 billion FCFA at the end of June 2026, compared to 517.0 billion FCFA a year earlier. Furthermore, the dynamism of taxes on goods and services is mainly attributable to domestic VAT excluding oil, which increased by 56.3 billion (+24.5%) at the end of June 2026. Regarding the good performance of customs revenue, it is explained by the increase in taxes on international trade of 12.7% (+30.8 billion FCfa) and import VAT of 1.5%. (+5.0 billion). This weak increase in import VAT would be attributable to the drop in the customs value (-9.6%) and the weight (-2.1%) of releases for taxable consumption at the end of June 2026 compared to June 2025. On the other hand, the situation is mitigated by the increase, year-on-year, in liquidations of 11.0%, in the second quarter of 2026. As for non-tax revenue, they are estimated at 104.4 billion FCFA, up 12.3% over one year. This development is mainly attributable to the increase, year-on-year, in revenues from the field (+15.4 billion FCfa) and revenues from the State’s share of hydrocarbons (+11.2 billion FCfa) to stand, respectively, at 23.2 billion FCfa and 37.6 billion FCfa. On the other hand, dividends, estimated at 15.7 billion FCfa, fell by 9.0 billion FCfa in the second quarter of 2026, compared to the second quarter of 2025.

Demba DIENG