Yaoundé - 30 November 2021 -

2022 draft budget :Cameroon projects 12.6% YoY rise in tax and customs revenues

2022 draft budget :Cameroon projects 12.6% YoY rise in tax and customs revenues
  • Comments   -   Tuesday, 23 November 2021 10:57

(Business in Cameroon) - For the 2022 budget year, Cameroon has set a tax and customs revenue target of XAF3,088.7 billion. The figure is disclosed in the 2022 draft budget the government submitted to the parliament for review. If validated, the target will be up by 12.6% or XAF345.6 billion year-on-year.

For the government, that optimistic projection will be achieved thanks to the dynamism of economic activities,  with a projected  6.1% growth of nominal non-oil GDP.

It will also be achieved by optimizing the collection of those revenues through administrative measures and tax-base broadening measures. 

While presenting the draft budget before his peers during the November 8, 2021, special ministerial council, Finance Minister Louis Paul Motazé explained that the country was planning to boost the contribution of non-oil tax revenues to GDP from 11.3%  2021 to 12.1% in 2022. This represents a tax effort of 0.8% of GDP achievable thanks to "some new tax base measures, more administrative measures and the suppression of some temporary exemptions issued in the 2020 budget year o mitigate the impacts of the [Covid-19] pandemic," the official added.


In its capacity of executing agency for the reconstruction of the Northwest and Southwest, the UNDP resident representative signed a XAF1 billion...
The 700 local firms offering subcontracting services in the Cameroonian electricity sector generate XAF40 billion turnover annually. The figure was...
South Korea will invest XAF4 billion for the construction of three digital campuses in Cameroon in 2022, according to Jonghan Kim, South Korean ambassador...
In its 2022 draft budget submitted for the parliament’s review, the Cameroonian government has introduced a new tax on electronic money transactions. The...

Mags frontpage

Business in Cameroon n105: November 2021

Forget cash, Cameroonians are in on e-money!

Erwan Garnier: “Clearly, the Cameronian hospitality sector will develop”

Investir au Cameroun n115: Novembre 2021

Adieu le cash Les Camerounais s’emparent de la monnaie électronique

Erwan Garnier: « Le secteur hôtelier camerounais va clairement se développer »

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month