Cameroon could not fulfil FCfa 246 billion in commitments during 1st quarter 2017 – Business in Cameroon

(Business in Cameroon) – Facing a gloomy economic environment, marked by a decline in public revenues and treasury tensions, the Cameroonian public Treasury is having increasing difficulties in fulfilling some commitments. Indeed, based on the mid-year performance review of the 2017 State budget, just published by the Ministry of Finance, out of the country’s projected public expenditure of FCfa 982.2 billion for the first quarter of 2017, only FCfa 735.9 billion were fulfilled (performance rate of 75%), thus a deficit higher than FCfa 246 billion.This decrease in public spending, we learned, has been observed in the three main categories which are running expenditure (electricity, water, telephone, consumables, etc.), investment expenditure and public debt servicing. This performance which is not “laudable”, according to the expression of the Minister of Finance, suggests that, due to insufficient means, the Cameroonian Public Treasury was not able to pay for some expenditure susceptible of making major projects currently underway in the country move forward.

Source: Cameroon could not fulfil FCfa 246 billion in commitments during 1st quarter 2017 – Business in Cameroon

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