(Business in Cameroon) - Cameroon’s ministry of finance reveals that during the 2017 fiscal year, the country’s budget revenues stood at CFA4, 451.9 billion. Compared to the volume generated during the previous year, this represents an increase by 22.7% (CFA822.4 billion). The finance ministry explains that the internal revenues as well as the loans and donations has been the basis of this increase. Indeed, as far as loans and donations are concerned, by end December 2017, they stood at CFA1, 394.8 billion against CFA791.2 billion by end December 2016; an increase by CFA603.6 billion (+76.3%).

According to this ministerial department, the increase of the loans and donations was mainly due to the exceptional financial support from development partners to assist the implementation of the economic and financial programme concluded with IMF. It was also due to an improvement of the project loans’ disbursement.

All-in-all, the ministry notes that the 2017 budget revenues exceeds the CFA4,373.8 billion target and represents a 100.8% realization rate.