(Business in Cameroon) - At the end of the first half this year, the Cameroonian treasury reported an overall deficit of CFA607.2 billion, the finance ministry said.

This situation is due to a deficit in primary balance, which stood at CFA-190.5 billion at the end of June 2018, reflecting the revenues and grants mobilized and the expenses incurred. Another reason is the primary non-oil balance which amounted to CFA-410.7 billion. The two balances therefore show a cumulative deficit of more than CFA600 billion during the period under review.

In need to ensure a proper budget implementation and the achievement of whole year targets, in a relatively difficult economic, social and budgetary context, the Ministry of Finance announced that government took corrective measures since H2 began. These include the strengthening of the mobilization of non-oil revenues, the tightening of budgetary regulation and the improvement of the control of effectiveness of public expenditure.

S.A