logoBC
Yaoundé - 25 April 2024 -
Public management

Cameroonian Treasury claims XAF20bln was saved in 2018 with the Physical Counting of State Agents

Cameroonian Treasury claims XAF20bln was saved in 2018 with the Physical Counting of State Agents
  • Comments   -   Friday, 07 June 2019 13:31

(Business in Cameroon) - In the 2018 Budget Execution Report, the Cameroonian ministry of finance announced the government spent XAF956 billion to pay salaries and wages to its employees, out of an allocation of XFA969.8 billion. This represents 98.6% of the allocation provided for in the 2018 amending finance law; a savings of XAF13.8 billion.

Amount spent on pension over the period is XAF202.6 billion out of an allocation of XAF209.0 billion, a consumption rate of 96.9%. This makes a total savings of XAF20.2 billion on both salaries and pensions compared to forecasts. The amount represents almost a quarter of the monthly resources allocated (XAF79.6 billion) for salaries and more than a month's worth of resources (XAF16.8 billion) needed for pensions.

“Savings was made mainly thanks to the first results of the reorganization of the State balance file through the Physical Counting of State Personnel (Coppe) 2018,” the ministry said.  This operation made it possible to remove persons who were illegally paid, especially deceased persons whose transfers had not been suspended.

Sylvain Andzongo

cameroon-s-red-cocoa-nears-labeling-as-oapi-awaits-coloration-analysis
The Cameroon red cocoa, listed in 2019 as a product eligible for geographical indication (GI), has progressed towards labeling by the African Intellectual...
cameroon-poultry-expo-revives-focus-on-industry-transformation
The 2024 edition of the Yaoundé International Poultry Exhibition (Savi) kicked off on April 23 at the Congress Palace. The event organized by the Cameroon...
beac-s-bond-auction-meets-success-in-inflation-combat-efforts
On April 22, the Central African Central Bank (Beac) concluded a successful 14-week bond issuance worth CFA50 billion. This move, offering a 2.5% interest...
cameroun-delays-bond-sale-amid-regional-market-strain
The Cameroon government has postponed its planned 2024 bond sale, originally slated for April, due to market saturation caused by Gabon and the Central...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »