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Public management

Cameroon: Public Investment Budget Implementation down 15.6%y/y in 2018

Cameroon: Public Investment Budget Implementation down 15.6%y/y in 2018
  • Comments   -   Monday, 18 February 2019 14:21

(Business in Cameroon) - In 2018, Cameroon implemented 76.3% of its public investment budget, down 15.6% compared to the 91.9% in 2017. This was revealed in the 2018 note by the national unit for monitoring the physical and financial implementation of the public investment budget.

Reasons for this poor performance, the commission quoted, are constraints related to the ongoing International Monetary Fund -IMF- economic program added to insecurity in some regions; reasons that hampered the achievement of certain public investment projects and reforms under implementation for public procurements and finances.

However, the main hurdle remains cash flow strains that has been hitting the country since a couple of months. Last year, work on many sites were disrupted since the public treasury failed to pay bills to some companies.

BRM

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