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Cameroon Slashes the 2018 public investment budget by CFA294 billion

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Cameroon Slashes the 2018 public investment budget by CFA294 billionThe journal of the projects included in the 2018 public investment budget has been published by Louis Paul Motaze, Cameroon’s minister of economy.  According to the minister, the economic environment marked by the shortage of resources and economic decline has been taken into account to elaborate the budget, thus the decrease.

However, he promises a better execution of the public investment budget whose execution rate is well below the expectation on many projects at the end of fiscal years.

In that regard, on January 10, 2018, Abba Sadou, the minister of public procurement has signed a circular asking the various managers of public fortune to ensure that public procurement contracts for 2018 are awarded by the end of April 2018 at the latest.

All the same, in 2017, Paul Biya raised and praised, “the rigor in the management of the public fund”   which has allowed a 53% execution rate for the public investment budget in the first semester.

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Passionate Cameroonian blogger, Critical Writer, Web developer and IT consultant at LechTech Web Design Agency (lechtech.net). CEO, founder and Editor-in-Chief at Camer infoline.

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