The increase is attributed to a drop in projected revenues and a downward revision of nominal gross domestic product (GDP), the draft bill said. It cited global economic headwinds and domestic fiscal adjustments as key factors behind the revision.

"This development is mainly explained by a decline in budget revenues combined with a downward revision of the nominal GDP," the bill said.

Economic growth in the West African nation, which recently started producing oil and gas, is now expected at 8.0% compared with the previous forecast of 8.8% in 2025.

An audit in September revealed that Senegal's budget deficit exceeded 10% from 2019 to 2023, more than twice the figures reported by the previous administration.

The International Monetary Fund suspended disbursements under its program with Senegal last year after the country acknowledged misreporting debt and deficit figures, saying discussions on a new arrangement would not proceed until the issue was resolved.

--Reuters--