Amadou Ba accused of failing in his policy

As usual, MP Mamadou Lamy Diallo still fired on President Macky Sall and his Minister of Foreign Affairs Economy, Amadou Ba. According to the president of Tekki, the Minister of Finance has made an admission of failure of its macroeconomic policy during his last wise step in the National Assembly. According to him, during the vote of the amended Finance Bill (Lfr) 2018, Amadou Ba, jostled by the deputies, confessed that Senegal has 200 billion in the Bceao that he can not spend while Hundreds of BCI projects are at a standstill and domestic arrears are accumulating among Senegalese SMEs, health facilities, etc. This situation is nothing more than an admission of the bankruptcy of Macky Sall's macroeconomic management. For Mamadou Lamine Diallo, if the Finance Minister had recognized this situation for a year that he talks about it, he would not have taken the initiative to write to the Managing Director of the IMF. He told Amadou Ba that he does not have lessons of patriotism from Macky Sall's team full of late binational.

According to Tekki's leader, Amadou Ba overestimated his economic growth and hence its tax revenues. On this basis, he says, the finance minister is increasing his spending, including the irrational investments of Macky Sall. He informs that the deficit is financed by the debt encouraged by a favorable situation for the price of a barrel of oil and petroleum products. When there was a turnaround, he adds, the price per barrel has risen, the deficit has just widened and Senegal is put under adjustment by the IMF which requires it to reduce its expenditures and adjust prices at the pump and electricity tariffs. The reason why, reveals Mamadou Lamine Diallo, the IMF has blocked the Bceao part of the resources of the eurobond 2018, between 160 and 200 billion. That's the truth, according to the parliamentarian. So to blow, he argues, Amadou Ba's strategy is to block spending by taking into account the promises made to students and teachers and to propose new taxes to increase revenues. In any case, it's his reading of the Lfr. And the domestic arrears will be paid drop-wise by the "thiompal" method by favoring his friends.