Senegal: Fifth Review Under the Policy Support Instrument and Request for Program Extension and Modification of Assessment Criteria—Staff Report; Debt Sustainability Analysis; Informational Annex; and Press Release
June 24, 2013
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Program implementation has been satisfactory, and all assessment criteria were met. The fiscal deficit was reduced to 5.9 percent of GDP despite a significant revenue shortfall. Delays were incurred in the implementation of reforms in the energy sector. The authorities intend to accelerate reforms to improve the business environment by streamlining expenditure and by improving the efficiency of the state to reduce the fiscal deficit to below 4 percent of GDP by 2015. This will restore fiscal buffers and ensure long-term debt sustainability.
Subject: Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM)
Keywords: CR, current account, debt management, deficit, energy sector reform, Europe, Government debt management, growth projection, ISCR, long-term debt, long-term debt sustainability, program implementation, real GDP, West Africa
Pages:
75
Volume:
2013
DOI:
Issue:
170
Series:
Country Report No. 2013/170
Stock No:
1SENEA2013001
ISBN:
9781484338483
ISSN:
1934-7685
