logoBC
Yaoundé - 26 January 2021 -

BannerICBC2021

Economy

Cameroon expects XAF900 bln of customs revenues in 2020

Cameroon expects XAF900 bln of customs revenues in 2020
  • Comments   -   Friday, 12 July 2019 15:12

(Business in Cameroon) - In 2020, Cameroon plans to raise XAF905 billion of customs revenues, the Government Financial Operations Table (GFOT) reveals.  

In 2021, this revenue should increase to XAF925 billion and XAF955 billion in 2022, the table informs.

The customs authority indicates that in the 1960s, 75% of the budget revenues was constituted of customs revenues but, nowadays, it is 18%.

Though in relative value, there is a decrease in customs revenues’ contribution to GDP, but in absolute value, the volume of these revenues have increased. For instance, in the past 11 years, it increased from XAF401.3 billion (in 2007) to XAF803.2 billion (in 2018). According to the customs authority, this increase in absolute value should continue in the next three years.  

S.A

cameroon-155-advertising-companies-approved-to-operate-this-year
Minister of Communication René Emmanuel Sadi recently published a list of 155 companies authorized to carry out advertising consulting and...
cameroon-water-utility-camwater-seeks-suppliers-for-11-500-conventional-water-meters
Gervais Bolenga (general manager of Cameroon water utilities corporation-Camwater) announces that he recently issued a national call for tenders...
cemac-cameroon-proceeds-to-provisional-acceptance-of-150-km-of-roads-linking-the-country-to-congo
The Cameroonian Ministry of Public Works (Mintp) informs that today January 26, 2021, it will proceed to the provisional acceptance of 150 kilometers of...
cameroon-estimated-at-140-170-tons-in-2020-local-rice-production-covered-only-24-of-demand-minader-reveals
In 2020, Cameroon’s local production covered just 24.3% of its rice demand, according to figures published by the Ministry of Agriculture  (MINADER)....

Mags frontpage


Business in Cameroon n94: December 2020

The rise of Cameroon’s automotive industry


The «Made in Cameroon» war


Investir au Cameroun n104 Décembre 2020

L’émergence d’une industrie automobile camer


La bataille du « Made in Cameroon »