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Cameroon: The execution rate for the internal debt servicing in 2017 is 113%  

Cameroon: The execution rate for the internal debt servicing in 2017 is 113%  
  • Comments   -   Tuesday, 03 April 2018 14:49

(Business in Cameroon) - In the note published by Cameroon’s government on April 2, 2018 on the budget execution, it is revealed that the country’s debt servicing that year was CFA726.1 billion against the CFA595.6 billion recorded the previous year; This represents an increase by CFA130.5 billion (+21.9%).

The note also reveals that compared to the CFA727.5 billion targeted, the public debt servicing is short by CFA1.4 billion and it represents an execution rate of 99.8%.

Nevertheless, there is an unusual fact about the execution rate of the internal debt which needs to be revealed. Indeed, according to the note mentioned above, it is 113.1% since the country paid CFA455.6 billion that year, an increase by CFA103.7 billion (+29.5%) compared to the CFA351.9 billion paid in 2016.

As far as the external debt is concerned, its payment stood at CFA270.5 billion by the end of December 2017 against CFA243.7 billion by the same period the previous year.  In comparison, it is an increase by CFA26.8 billion (+11%) and an execution rate of 83.3%. The finance ministry further pointed out that there was no accumulation of arrears for this type of debt.

Sylvain Andzongo

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