logoBC
Yaoundé - 21 October 2020 -
Economy

Cameroon: Expenditure budget dropped by 3.7% YoY to XAF2,117 bln in H1-2020 (MINFI)

Cameroon: Expenditure budget dropped by 3.7% YoY to XAF2,117 bln in H1-2020 (MINFI)
  • Comments   -   Monday, 12 October 2020 17:13

(Business in Cameroon) - The volume of Cameroon’s budget expenditures reached XAF2,117.1 billion in H1-2020, according to the Ministry of Finance. Compared with the XAF2,197.1 billion recorded in H1-2019, this represents a decrease of XAF80.6 billion (-3.7%) between the two periods. "This drop was mainly due to capital expenditures and public debt service,” the Ministry writes. The implementation rate of these expenditures is 48%, compared with the XAF4,409 billion target set in the June 2020 budget amendment.

Current expenditures

During the period, current expenditures increased by XAF52.6 billion (+4.6%) year-on-year to reach XAF1,160.3 billion. Compared with the XAF2,231.7 billion forecast for the year, their execution rate is 52%.

In detail, Personnel expenses increased by 5.5% to XAF511.7 billion in the first half of 2020 compared to XAF485.3 billion during the same period in H1-2019. Compared with the annual forecast of XAF1,040.8 billion, the execution rate is 49.2%.  

As for transfer and pension expenditures, they amounted to XAF291.8 billion in H1-2020 (representing an increase of XAF29.8 billion 11.4% year-over-year) mainly because of subsidies for fuel prices. Compared with the XAF548.7 billion forecast for the year, the execution rate was 53.2%.

Capital expenditures

As far as Capital expenditures are concerned, they amounted to XAF424.9 billion during the period. Compared with the XAF579.8 billion recorded in H1-2019, this is a decrease of XAF154.9 billion (-26.7%) between the two periods. But, compared with the annual forecast of XAF1,263.4 billion, this expenditure shows an execution rate of 33.6%.

Public debt service

In the same vein, public debt service amounted to XAF408.5 billion during the period, down by XAF27.2 billion (-6.2%) compared with the XAF435.7 billion recorded in H1-2029. Compared to the XAF913.9 billion forecast for the year, the public debt service execution rate is 44.7%.

Sylvain Andzongo

cameroon-consumer-association-p2ce-warns-of-probable-rise-in-beer-prices-in-2021
On October 17, Plateforme camerounaise du commerce equitable-P2CE (an association of consumer rights protection groups) issued a press release warning...
camwater-announces-xaf1-8-bln-of-net-profit-for-fy2019-up-by-79-yoy
Cameroon Water Utilities Corporation (CAMWATER) announces that for the 2019 financial year, it recorded XAF1.8 billion of net income. This means the...
cameroon-the-port-of-kribi-to-boost-digitalization-of-procedures-with-automated-management-software-sip
The Port of Kribi (PAK), located in southern Cameroon, is preparing to use "SIP", an automated port management software. According to Jean Marcel Belinga...
cameroon-injected-over-xaf16-bln-into-camair-co-within-3-months
On October 18, 2020, Camari Co resumed its operations by only offering domestic flights per the Head of State’s wish. This activity resumption occurred...

Mags frontpage


Business in Cameroon n92: October 2020

Crowfunding A solution for young entrepreneurs


Serge Esso, rising lobbyist


Investir au Cameroun n102 Octobre 2020

Financement participatif Une solution pour les jeunes entrepreneurs


Serge Esso, le lobbyiste qui monte