{"id":91499,"date":"2025-12-07T06:34:38","date_gmt":"2025-12-07T06:34:38","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/finance-minister-projects-d50-3-billion-revenue-by-2026"},"modified":"2025-12-08T09:06:23","modified_gmt":"2025-12-08T09:06:23","slug":"finance-minister-projects-d50-3-billion-revenue-by-2026","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/finance-minister-projects-d50-3-billion-revenue-by-2026","title":{"rendered":"Finance Minister Projects D50.3 Billion Revenue by 2026"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>Finance Minister Seedy Keita on Friday projected that The Gambia\u2019s total revenue and grants will rise to D50.3 billion in 2026, citing stronger domestic tax collection, digital reforms, and continued support from development partners.<\/b><\/p>\n

Delivering his budget address to lawmakers, Mr. Keita said the forecast includes D32.2 billion in domestic revenue, with the remainder expected from external grants.<\/p>\n

\u201cRevenue and grants are expected to total D50.3 billion in 2026, with D32.2 billion coming from domestic sources and 18.1% externally,\u201d he told the National Assembly, adding that tax receipts alone are projected to grow by 13 percent to D27 billion, driven largely by digital tax systems and tighter enforcement.<\/p>\n

\u201cTax revenue is anticipated to increase by 13 percent relative to the previous budget, amounting to D27.0 billion in 2026,\u201d he said.<\/p>\n

According to the minister, the government anticipates gains from personal and corporate income taxes as new audit measures take hold. Platforms such as ITAS, ASYCUDA, and a forthcoming e-invoicing system are expected to strengthen compliance and reduce underreporting.<\/p>\n

\u201cPersonal income tax is expected to benefit from enhanced enforcement, the rollout of the rental income solution, and tax audits. While corporate income tax is expected to improve on account of enhanced compliance among donor-funded projects. The ongoing audit of major public works contractors is expected to address long-standing loopholes in tax compliance and underreporting,\u201d he said.<\/p>\n

Excise taxes\u2014particularly on the telecommunications sector\u2014are also expected to rise. Mr. Keita said telecom excise collections could grow by 40 percent in 2026, reaching D659 million, once a new revenue-assurance system becomes operational. Value Added Tax is similarly projected to expand under the new electronic invoicing framework designed to curb fraud.<\/p>\n

\u201cWith the expected rollout of the revenue assurance solution before the end of the year, excise telecom is projected to grow by 40 percent in 2026, reaching D659 million. Value Added Tax (VAT) is expected to grow significantly, driven by the implementation of a new electronic invoicing solution, which is aimed at improving compliance and reducing fraud,\u201d he said.<\/p>\n

Non-tax revenue is forecast at D5.2 billion, helped by increased collections from ministries and state-owned enterprises, as well as a planned D1.5 billion disbursement from the Africa50 Asset Recycling Program tied to the Senegambia Bridge.<\/p>\n

\u201cNon-tax revenue is projected at D5.2 billion (2.5 percent of GDP) in 2026. This will be supported by the planned and ongoing efforts by the government to increase revenue collection by MDAs, higher dividends from SOEs, and the disbursement of D1.5 billion from the Africa50 Asset Recycling Program for the Senegambia Bridge,\u201d he said.<\/p>\n

Still, Mr. Keita acknowledged that geopolitical tensions and shifting donor priorities have made external financing less predictable. Even so, the government expects D14.4 billion in project grants and D3.7 billion in budget support next year, including D2.5 billion from the World Bank, D597 million from the European Union, and D528 million from the African Development Bank.<\/p>\n

\u201cThe emerging geopolitical tensions and shifting priorities of development partners have raised uncertainties about grants. Despite these, project grants are projected at D14.4 billion, while budget support is at D3.7 billion, of which D2.5 billion is from the World Bank, D597 million from the EU, and D528 million from the AfDB,\u201d he said.<\/p>\n

For More News And Analysis About Gambia<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. Finance Minister Seedy Keita on Friday projected that The Gambia\u2019s total revenue and grants will rise to D50.3 billion in 2026, citing stronger domestic tax collection, digital reforms, and continued support from development partners. Delivering his budget address to lawmakers, Mr. Keita said the forecast includes D32.2 billion in domestic revenue, with […]<\/p>\n","protected":false},"author":84,"featured_media":91498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[260],"class_list":["post-91499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-gambia"],"yoast_head":"\nFinance Minister Projects D50.3 Billion Revenue by 2026 - Gambia<\/title>\n<meta name=\"description\" content=\"Finance Minister Seedy Keita on Friday projected that The Gambia\u2019s total revenue and grants will rise to D50.3 billio ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/finance-minister-projects-d50-3-billion-revenue-by-2026\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Minister Projects D50.3 Billion Revenue by 2026\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Seedy Keita on Friday projected that The Gambia\u2019s total revenue and grants will rise to D50.3 billio ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/finance-minister-projects-d50-3-billion-revenue-by-2026\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-07T06:34:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-08T09:06:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/12\/sm_1765079109.981988.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"905\" \/>\n\t<meta property=\"og:image:height\" content=\"542\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/finance-minister-projects-d50-3-billion-revenue-by-2026#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/finance-minister-projects-d50-3-billion-revenue-by-2026\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Finance Minister Projects D50.3 Billion Revenue by 2026\",\"datePublished\":\"2025-12-07T06:34:38+00:00\",\"dateModified\":\"2025-12-08T09:06:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/finance-minister-projects-d50-3-billion-revenue-by-2026\"},\"wordCount\":543,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/finance-minister-projects-d50-3-billion-revenue-by-2026#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/12\/sm_1765079109.981988.jpg\",\"keywords\":[\"Gambia\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/finance-minister-projects-d50-3-billion-revenue-by-2026#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/finance-minister-projects-d50-3-billion-revenue-by-2026\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/finance-minister-projects-d50-3-billion-revenue-by-2026\",\"name\":\"Finance Minister Projects D50.3 Billion Revenue by 2026 - 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