Le Sénégal vient de lever 450 milliards FCFA sur le marché financier régional, bien au-delà des 300 milliards initialement prévus pour le troisième Appel Public à l’Épargne (APE 3).
Le ministère des Finances s’en félicite, parle de souveraineté, de confiance et de succès historique.
Cependant, depuis quand un État célèbre-t-il un emprunt à près de 7 % d’intérêt comme une victoire nationale ? Quand la dette devient un motif de réjouissance, c’est que la rigueur budgétaire a quitté le sommet.
Lever 450 milliards n’est pas un exploit, c’est un aveu. Un aveu d’asphyxie budgétaire et de dépendance financière. L’État aurait pu s’en tenir à son objectif initial de 300 milliards, comme il l’avait fait lors d’opérations précédentes. Il a préféré prolonger l’émission et en augmenter le volume, signe que les besoins de trésorerie dépassent ce qui avait été prévu dans la Loi de Finances rectificative.
Emprunter plus que prévu, à des taux élevés, sans préciser la destination des fonds, n’est pas un signe de confiance du marché. Il s’agit d’un symptôme d’urgence budgétaire.
Le plus troublant, c’est que les documents officiels précisent l’objet de l’opération : « le financement des besoins de trésorerie prévus dans la Loi de Finances Rectificative 2025 et le financement des projets stratégiques de l’Agenda Sénégal 2050. » En d’autres termes, une grande partie de cet emprunt servira à payer les charges courantes de l’État. La mention de l’Agenda 2050, projet à long terme, n’est qu’un habillage rhétorique destiné à maquiller la réalité d’un financement de court terme. On finance la survie administrative sous couvert de vision stratégique.
Cette confusion entre fonctionnement et développement révèle le véritable mal. La dette est devenue un mode de gestion, non un levier de croissance. La communication triomphe, les comptes dérapent.
Pendant que le gouvernement célèbre son « succès », personne n’explique à quel secteur productif ces 450 milliards profiteront. On se réjouit d’avoir trouvé des prêteurs, sans se demander comment produire la richesse nécessaire pour rembourser. À ce rythme, le pays devra réemprunter encore et encore, alourdissant une dette déjà supérieure à 118 % du PIB.
Ce n’est pas le volume mobilisé qu’il faut saluer mais la rigueur qu’on aurait dû imposer à son usage. Aucun pays ne s’est développé par la dette seule. La souveraineté budgétaire se construit par la transparence, la discipline et l’investissement productif.
L’État doit conditionner chaque nouvel emprunt à un projet identifiable, publier l’usage des fonds levés, réduire les dépenses improductives, encadrer les privilèges politiques et institutionnaliser une règle d’or budgétaire interdisant le recours à la dette pour financer le fonctionnement.
Tant que le pays se réjouira d’une respiration artificielle, il confondra encore l’oxygène d’urgence avec le souffle de la vie.

Thierno Bocoum
Président AGIR-LES LEADERS
https://ughaavseby.wordpress.com
Permalinkasklong.ru
PermalinkKeep this going please, great job!
PermalinkParagraph writing is also a fun, if you know afterward you can write if not it is difficult
Permalinkto write.
Hurrah! Finally I got a weblog from where I be able
Permalinkto truly get helpful facts concerning my study and knowledge.
You should take part in a contest for one of the most useful websites online.
PermalinkI will recommend this website!
Hey there are using WordPress for your site platform? I’m new to the blog world but I’m trying to get started and create my own. Do
Permalinkyou need any coding expertise to make your own blog? Any help would be really
appreciated!
Oh my goodness! Incredible article dude! Thanks, However I am
going through difficulties with your RSS. I don’t know why I cannot join it.
Is there anyone else getting the same RSS issues?
Anyone that knows the solution can you kindly respond? Thanx!!
PermalinkHi! Would you mind if I share your blog with my facebook group?
PermalinkThere’s a lot of folks that I think would really enjoy your content.
Please let me know. Thanks
Good day! This is my first visit to your blog! We are a team of volunteers
and starting a new initiative in a community in the same niche.
Your blog provided us beneficial information to work on. You have done a wonderful job!
PermalinkI’ve been surfing online more than three hours today,
Permalinkyet I never found any interesting article like yours. It
is pretty worth enough for me. Personally, if all website owners and bloggers
made good content as you did, the web will be much more
useful than ever before.
This post is in fact a good one it assists new web
Permalinkusers, who are wishing in favor of blogging.
For latest news you have to go to see the web and
Permalinkon web I found this web site as a best site
for hottest updates.
But wanna input that you have a very nice internet site, I enjoy the pattern it actually stands out.
PermalinkHi, its pleasant piece of writing on the topic of media print, we all understand media is a enormous source of facts.
PermalinkHey would you mind letting me know which webhost you’re working with?
I’ve loaded your blog in 3 different web browsers and I must say this blog loads a lot faster then most.
Can you suggest a good web hosting provider at a fair price?
Kudos, I appreciate it!
PermalinkHi there! I just wish to give you a big thumbs up for your excellent information you have got right here on this post.
PermalinkI’ll be returning to your blog for more soon.
That is a really good tip particularly to those fresh to the
blogosphere. Short but very accurate information… Thank you for sharing this one.
A must read post!
PermalinkFantastic beat ! I would like to apprentice
while you amend your site, how can i subscribe for a blog website?
The account aided me a acceptable deal. I had been a little bit
Permalinkacquainted of this your broadcast offered bright clear idea
When someone writes an paragraph he/she retains the thought
Permalinkof a user in his/her mind that how a user can understand it.
Therefore that’s why this paragraph is outstdanding. Thanks!
First of all I want to say wonderful blog! I had a quick question which
PermalinkI’d like to ask if you don’t mind. I was curious to find out how you center
yourself and clear your head prior to writing. I’ve had difficulty clearing my mind in getting
my ideas out there. I truly do take pleasure in writing however it
just seems like the first 10 to 15 minutes are usually wasted just trying to figure out how to begin.
Any ideas or tips? Many thanks!
Nice blog here! Additionally your web site quite
Permalinka bit up fast! What web host are you the use of?
Can I am getting your affiliate hyperlink on your host?
I wish my website loaded up as fast as yours lol
Hey very nice blog!
PermalinkI have fun with, lead to I discovered exactly what I
Permalinkused to be looking for. You’ve ended my four day lengthy hunt!
God Bless you man. Have a nice day. Bye
You should take part in a contest for one of the
Permalinkbest websites on the web. I most certainly will highly recommend this
site!
Welcome to Accountants Near Me Directory USA — your trusted online directory connecting businesses and individuals with professional accounting services,
Permalinkqualified local accountants. Tax Preparation Service and Bookkeeping Services.
Manage taxes, audits, and financial planning effortlessly.
Manage finances, stay compliant, and plan confidently.
Visit accountantsnearmecheyenne.com today.
If you want to increase your familiarity simply keep visiting this
Permalinkwebsite and be updated with the newest news update
posted here.
Appreciating the time and energy you put into your site and detailed information you offer.
It’s awesome to come across a blog every once in a while that isn’t the same
Permalinkold rehashed material. Great read! I’ve saved your site and I’m adding your RSS feeds to my Google
account.
Saved as a favorite, I really like your web site!
PermalinkSuperb blog! Do you have any recommendations for aspiring writers?
PermalinkI’m hoping to start my own site soon but I’m a little
lost on everything. Would you recommend starting with a free platform like WordPress
or go for a paid option? There are so many options out there that I’m totally confused
.. Any tips? Thank you!
Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your weblog?
PermalinkMy website is in the exact same niche as yours and my users would really benefit from a lot
of the information you present here. Please let me know if this ok
with you. Thank you!
Pretty element of content. I simply stumbled upon your web
Permalinksite and in accession capital to assert that I acquire actually enjoyed account your blog posts.
Anyway I’ll be subscribing to your augment and even I
fulfillment you get admission to persistently rapidly.
Hmm it seems like your website ate my first comment (it was super long) so I guess I’ll just sum it
up what I had written and say, I’m thoroughly enjoying your blog.
I too am an aspiring blog blogger but I’m still new to the whole thing.
Do you have any suggestions for rookie blog writers?
PermalinkI’d genuinely appreciate it.
I’d like to find out more? I’d care to find out some additional
Permalinkinformation.
This paragraph is truly a fastidious one it assists new net
Permalinkviewers, who are wishing for blogging.
Valuable information. Fortunate me I discovered your site unintentionally, and I’m shocked why this accident didn’t came about in advance!
PermalinkI bookmarked it.
Hi there, just became aware of your blog through Google, and found that it’s
Permalinktruly informative. I’m going to watch out for brussels.
I’ll appreciate if you continue this in future.
Numerous people will be benefited from your writing.
Cheers!
Howdy are using WordPress for your blog platform? I’m new
to the blog world but I’m trying to get started and
create my own. Do you need any html coding knowledge to make your own blog?
Any help would be greatly appreciated!
PermalinkIt’s the best time to make a few plans for the long
Permalinkrun and it’s time to be happy. I’ve read this put up and if
I may I desire to recommend you some interesting things
or suggestions. Maybe you can write next articles regarding this
article. I desire to read even more issues approximately it!
Great site you have got here.. It’s hard to find quality writing like yours nowadays.
PermalinkI seriously appreciate individuals like you! Take care!!
This article is really a nice one it helps new net visitors, who are wishing
Permalinkin favor of blogging.
This is a topic which is near to my heart… Cheers! Exactly where are your
Permalinkcontact details though?
hello!,I like your writing very a lot! share we be in contact more approximately your post on AOL?
PermalinkI require a specialist on this area to unravel my problem.
May be that’s you! Looking ahead to peer you.
Just wish to say your article is as surprising. The clarity on your submit is just excellent and that i could think you’re an expert in this
Permalinksubject. Fine along with your permission allow me to grab your RSS feed to
keep up to date with coming near near post. Thanks a million and please continue the gratifying work.
Highly descriptive post, I enjoyed that bit. Will there be a part 2?
Permalinkhello!,I love your writing very so much! proportion we keep
in touch extra approximately your article on AOL? I need a specialist on this house to unravel my problem.
May be that’s you! Looking ahead to see you.
PermalinkAppreciate the recommendation. Let me try it out.
PermalinkIt’s really a nice and helpful piece of info. I’m satisfied that
Permalinkyou shared this helpful information with us. Please
stay us informed like this. Thanks for sharing.
Hello, after reading this remarkable paragraph i am too happy to share my know-how here with mates.
PermalinkInspiring story there. What occurred after? Take care!
PermalinkDo you mind if I quote a couple of your articles as long as I provide credit
Permalinkand sources back to your site? My website is in the very same niche as yours and my
visitors would truly benefit from a lot of the information you present here.
Please let me know if this alright with you. Appreciate it!