(Business in Cameroon) - Fatima Haram Acyl (photo), Vice President of the CEMAC Commission presented on October 19 in Malabo, Equatorial Guinea, the community’s 2019 draft budget.
This presentation, before the members of the Inter-State Committee, showed that the budget forecasts should be valued in terms of revenue and expenditure at CFA81.44 billion for the 2019 financial year. Revenues from the Community Integration Tax (CIT) are expected to reach CFA57 billion, despite its potential estimated at CFA99.7 billion.
Following talks on this draft budget, forecasts will be submitted to the Council of Ministers of the Central African Economic Union (UEAC), which is being held today October 23.
Yet, “expenditure forecasts are expected to remain relatively stable in 2019 compared to the current year,” Fatima Haram Acyl stressed.