Yaoundé - 19 October 2019 -
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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.

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