(Business in Cameroon) - In the 2020-2022 budgetary planning being prepared, Cameroon plans to guarantee the sustainability of public finances by enhancing the efficiency of public spendings.
According to the budgetary stance submitted before the parliament, the level of public spendings (debt servicing excluded) should decrease from 17.4% of GDP in 2019 to 16.7% in 2020. Between 2020 and 2021, it is expected to decrease by 0.2% of GDP to reach 16.5%.
In absolute value, public spendings and net loans are expected to reach XAF5,487.9 billion in 2022 up by XAF263.4 billion (+5.3%) compared with the XAF4,961.9 billion of 2020.
The stance reveals that this rise should be mainly induced by capital expenditures that should record an average of 7.6% rise to reach XAF1,693.8 billion in 2022. Current expenditures should also rise by 5.2% to XAF2,764.7 billion in 2022. Debt servicing is also expected to rise by 2.4% on average to XAF1,028.4 billion in 2022.
The 2020-2022 public expenses should be constituted by 50.6% of current expenditures, 30.3% of capital expenditures and 19.1% of debt servicing. In 2019, it was constituted of 47 %, 28.4 %, and 24.6 % respectively.