Speaking at a youth event in the coastal city of Mbour, Prime Minister Ousmane Sonko pointed to the escalating prices of oil to justify the measure. <\/p>\n
Sonko said he had canceled his own planned trips to Niger, Spain and France, Reuters reported, in an effort to cut costs. <\/p>\n
Oil prices have edged close to $115 a barrel from about $80 before the war on Iran. <\/p>\n
The west African country is facing a financial squueze since the termination of a lending program by the International Monetary Fund (IMF) over debt misreporting. <\/p>\n
The country faces a budget deficit of nearly 14 percent of GDP and public sector debt estimated at 132 percent of national output at the end of 2024. <\/p>\n
The current government accuses the administration of ex-president Macky Sall, who ruled from 2012 until 2024, of having concealed the true extent of the budgetary situation. <\/p>\n
An International Monetary Fund team that visited Senegal a year ago confirmed that officials had made false statements regarding budget deficits and public debt for the 2019\u20132023 period. <\/p>\n
The IMF has suspended a $1.8-billion aid programme it had agreed in 2023, pending further information and commitments from Senegal’s new authorities.<\/p>\n","protected":false},"excerpt":{"rendered":"Speaking at a youth event in the coastal city of Mbour, Prime Minister Ousmane Sonko pointed to the…\n","protected":false},"author":2,"featured_media":375181,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-375180","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/375180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=375180"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/375180\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/375181"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=375180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=375180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=375180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}