logoBC
Yaoundé - 21 June 2021 -
Public management

Cameroon presents 2020 budget, down by 5%

Cameroon presents 2020 budget, down by 5%
  • Comments   -   Monday, 02 December 2019 16:13

(Business in Cameroon) - Prime Minister Joseph Dion Ngute (photo) presented, on November 29, 2019, the main points of the 2020 Finance Bill before the national assembly. Compared with the XAF5,212 billion budget planned by the 2019 finance act, the budget (XAF4,951.7 billion) for the 2020 finance act is down by XAF260.3 billion in absolute terms and 5% in relative terms.

According to the Prime Minister, this decline is guided by a concern to rebalance public finances in the medium term, to better rationalize public spending and to optimize the mobilization of domestic non-oil revenues.

In the finance act, internal revenues amount to XAF3,719.2 billion. They are divided into oil revenues (XAF443 billion), tax and customs revenues (XAF2,962.2 billion), non-oil revenues (XAF212 billion), and grants (XAF102 billion).

As for external financing, they amount to XAF1,304.5 billion distributed as follows ; XAF115.5 billion from budget support, XAF767 billion from project loans’ disbursements, XAF320 billion from public securities, and XAF102 billion from bank financing.

Projected expenditures amount to XAF 4159.7 billion and consist of XAF,2663.4 billion in current expenditure, XAF1,496.3 billion in capital expenditure, and XAF792 billion for other financing and treasury expenses.

SA

national-social-insurance-fund-cnps-has-xaf325-bln-of-cash-according-to-ceo-mekulu-mvondo
As of December 31, 2020, the National Social Insurance Fund CNPS had XAF325 billion of cash in its treasury. This was revealed by Alain Olivier Noël...
vog-raises-over-xaf4-bln-for-the-development-of-the-matanda-block
British oil firm Victoria Oil & Gas (VOG), the parent company of Gaz du Cameroun (GDC), announces that it recently raised $7.5 million...
cameroon-the-low-number-of-new-civil-servants-to-be-recruited-this-year-is-due-to-the-socio-economic-environment-minfopra-le-says
On June 11, 2021, Minister of Public Services (MINFOPRA) Joseph Lé (photo), signed 28 decisions launching the recruitment of new staff into the civil...
cameroon-telecom-regulator-art-announces-new-regulatory-model-to-become-highly-efficient-by-2025
In Cameroon, the Telecommunications Regulatory Board (ART) informs that it is currently elaborating a new regulatory model to become a robust, innovative,...

Mags frontpage


Business in Cameroon n100: May 2021

These Cameroonian startups raise billions


Agro-industry and land rights


Investir au Cameroun n110: Mai 2021

Ces start-ups camerounaises qui lèvent des milliards


Agro-industrie et droits fonciers