(Business in Cameroon) - The Managing Director of Economy, Isaac Tamba, opened on Tuesday 17 January 2017 in Yaoundé, the conference to validate the single manual on public investment audit procedures.
According to Isaac Tamba, this reference document must not only take into account the physical implementation, but also the relevance and efficiency of the public expenditure to improve the living conditions of the population and the business environment, through infrastructure of quality. His colleague from the Audit Team, Henri Mbusnoum, indicated that his organisation has been encountering several difficulties, particularly those linked to the plethora of texts which regulate public finances, and the absence of a proper reference document. “This is therefore about standardising the texts and producing a single document in terms of public investment audit, to improve the efficiency in compliance with the new financial regime of the State”, Mr Mbusnoum declared.
The Yaoundé convention comes in a context where the public investment budget of the State has been gradually increasing since 2010. For example, in 2017, the share allocated to investment is FCfa 1,586.9 billion, representing 36.7% of the global budget of the State. The priority in this case goes to infrastructure and production sectors.
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