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Yaoundé - 25 May 2019 -
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Cameroon: Current expenditure slid by XAF165bln from forecasts in Q1 2019

Cameroon: Current expenditure slid by XAF165bln from forecasts in Q1 2019
  • Comments   -   Wednesday, 08 May 2019 12:57

(Business in Cameroon) - During the first three months this year, Cameroon saw its current expenses narrowed by XAF165.1 billion compared to what was expected. Whilst forecast was XAF611.3 billion, the amount finally used was XAF446.2 billion, an execution rate of 73%, according to the finance department.

Staff expenditure dropped by XAF25.8 billion from the XAF264.3 billion forecasted, representing an execution rate of 90.2%. On a year-on-year basis, they were down XAF20.7 billion (8%) in Q1 2019 compared to XAF259.2 billion in Q1 2018.

Monies steered in Services & goods over the period reviewed (XAF105.8 billion) reflect an execution rate of 53.9% compared to the XAF196.2 billion initially envisaged but are higher one billion compared to Q1 2018.

Pension spending stood at XAF101.9 billion in Q1 2019, up XAF12.9 billion (14.5%) compared to Q1 2018 and down XAF48.9 billion compared to XAF150.8 billion forecasted (an execution rate of 67.6%).

S.A

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