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Cameroon: 2014 State Budget Stands at FCFA 3,312 Billions
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Yaoundé, 27 Novembre 2013
© Valentine MULANGO | Cameroon-Info.Net
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The 2014 state budget for Cameroon is estimated at FCFA 3,312 billion as against FCFA 3,236 in 2013. This represents a tremendous increase of FCFA 76 billion in absolute terms and 2.3% in relative terms, according a draft 2014 finance law tabled in parliament on Tuesday.
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Cameroon: 2014 State Budget Stands at FCFA 3,312 Billions
Click to jump to 'Cameroon-Info.Net'
Yaoundé, 27 Novembre 2013
© Valentine MULANGO | Cameroon-Info.Net
 Réagir
The 2014 state budget for Cameroon is estimated at FCFA 3,312 billion as against FCFA 3,236 in 2013. This represents a tremendous increase of FCFA 76 billion in absolute terms and 2.3% in relative terms, according a draft 2014 finance law tabled in parliament on Tuesday.
The 2014 state budget for Cameroon is estimated at FCFA 3,312 billion as against FCFA 3,236 in 2013. This represents a tremendous increase of FCFA 76 billion in absolute terms and 2.3% in relative terms, according a draft 2014 finance law tabled in parliament on Tuesday.

This budget increase is only apparent because in reality, it is more than largely absorbed by additional expenditure totaling approximately FCFA 150 billion.

According to the bill, government’s spending will prioritize investment to improve the persisting high cost of living in the country. The revenue is expected to come from oil and non-oil resources, the issuance of government bonds and external loans among others.

Specifically, the bigger share of the budget will come from internal resources of about FCFA 2, 983 billion representing a 1.4% increase in non-oil, FCFA 13 billion increase in oil revenue and FCFA 280 billion to come from bonded loans. External resources will come from loans and grants that have equally witnessed an increase.

The draft bill points out that government expenditure shall focus on poverty alleviation and the fight against high cost of living. This means investing more in the growth sectors like agriculture, energy, infrastructure, youth mentoring and support to small and medium size enterprises.

The 2014 finance bill marks the second consecutive year for the implementation of the performance-base-budgeting system – a system based on the mechanism anchored in commitment authorizations over three financial years broken down into annual payments. The translation is that: it comprises programs and objectives as well as performance indicators of each ministerial department.

Next year’s draft finance law will be defended by the Minister of Finance, Alamine Ousmane Mey and his colleague of Economy, Planning and Regional Development, Emmanuel Nganou Njoumessi before the budget and finance committees of parliament.

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