logoBC
Yaoundé - 19 April 2024 -
Public management

Cameroon: There is a need for a single budget unit dedicated to Planut and AFCON projects (Finance ministry)

Cameroon: There is a need for a single budget unit dedicated to Planut and AFCON projects (Finance ministry)
  • Comments   -   Thursday, 20 June 2019 12:24

(Business in Cameroon) - Cameroon needs to create a single budget unit dedicated to monitoring and evaluation projects in the framework of the Planut and the AFCON. This is the solution suggested by the ministry of finance in its report of the 2018 budget execution.

In the report, the ministry indicated that there were monitoring and evaluation problems for two types of expenses during the period under review. The first type was related to the execution of projects under the 3-year urgency plan to boost economic growth (Planut), adopted by Cameroon in December 2014, with a budget of XAF925 billion. The second type of expense was for projects in the framework of the AFCON. According to the report, XAF72.1 billion was spent in 2018 for AFCON projects.

Because of the numerous institutions in charge of the implementation of projects that fall in the framework of these projects, there was a coordination problem. This affects the budget since they generate an important volume of debts that "require important budgetary provision."

Therefore, the creation of that single budget unit can allow better monitoring of the projects.

Sylvain Andzongo

api-signs-key-agreements-to-boost-investor-access-to-economic-zones
The Investment Promotion Agency (API) reached two Memorandums of Understanding with the Port Authority of Kribi (PAK) and the Mission for the Development...
cameroun-repays-cfa39-8bn-debt-with-new-borrowings
On April 17, Cameroon reimbursed CFA39.8 billion on the public securities market of the Central African States Bank (BEAC). Renowned for its solvency...
cemac-raises-cfa4-336tn-in-2023-public-securities-cfa2-5tn-less-than-waemu
In 2023, the six Cemac countries collectively raised CFA4,336.3 billion on the public securities market of the Central African States Bank (Beac),...
cameroon-minister-urges-african-restaurants-to-unite-on-geographic-indications
Fuh Calistus Gentry, the interim Minister of Mines, Industry, and Technological Development, and Country Director of the African Intellectual Property...

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 »