logoBC
Yaoundé - 21 January 2020 -
Public management

Decentralization : Cameroon plans to provide XAF250 bln to communes in 2020

Decentralization : Cameroon plans to provide XAF250 bln to communes in 2020
  • Comments   -   Friday, 10 January 2020 09:18

(Business in Cameroon) - This year, Cameroon will provide XAF250 billion as credits and other types of financing to its 360 communes in the framework of the decentralization process.

According to Cyrille Edou Alo'o (photo), Director General of the Budget at the Ministry of Finance, who confided to the government daily Cameroon tribune, the budgetary resources to be transferred to the communes this year will peak at XAF110 billion, against only XAF103 billion in 2019.

Apart from this envelope, there are resources from taxes such as additional municipal taxes, property tax, car stickers, garbage collection tax or even the tourist tax that will be added.

The amount of these resources is estimated at more than XAF140 billion” during 2020, he added.  

BRM

cameroon-mtn-s-clients-can-now-access-the-internet-after-the-3-day-disruption
MTN Cameroon's customers can once again access the Internet, after the serious disruptions on the operator's network between 16 and 18 January 2020. In...
neo-congo-mall-partner-effectively-launches-construction-works
On the site hosting the Congo market, in Douala, foundations are gradually emerging from the ground. Thanks to a XAF28 billion public-private partnership...
huawei-ict-competition-launched-in-cameroon-for-the-first-time
About 150 Cameroonian students from higher education and vocational training institutes partnered with the Huawei ICT Academy (National Post,...
cameroon-government-steps-in-to-ease-conflict-in-telecom-regulator-art-s-management
On January 8, Minette Libom Li Likeng (photo), the Minister of Posts and Telecommunications referred to Hessana Mahamat, the chairman of the board of...

Mags frontpage


Business in Cameroon n82-83: December 2019-January 2020

CFA: The debate is open in the CEMAC


Cameroon becomes CEMAC’s financial center


Investir au Cameroun n92-93: Decembre 2019-Janvier 2020

Franc CFA : le débat est ouvert en zone CEMAC


Le Cameroun devient la place financière de la CEMAC