In the second quarter of 2024, the international economic environment was marked by contrasting trends in real GDP in the various economies and contained inflation in most regions of the world. In the group of advanced economies, and according to the OECD, economic growth is estimated at 0.7%, after 0.8% in the previous quarter. In
The Minister of Finance, His Excellency LOUIS PAUL MOTAZE has signed a circular containing instructions on the execution of the Finance Laws, and the monitoring and control of the execution of the State budget and other public entities for Fiscal Year 2025. DOWNLOAD THE 2025 CIREX REFERENCE MANUAL FOR THE IMPLEMENTATION OF THE BUDGETS OF THE STATES PUBLIC
The public has the right to complete, timely and useful information on how the Government collects and spends public money, i.e. the money of all Cameroonians. This prescription is made by Law N°2018/011 of 11 July 2018 on the Code of Transparency and Good Governance in the Management of Public Finances in Cameroon. Budget transparency
The publication of periodic budget execution reports is a requirement of Law N°2018/011 of 11 July 2018 on the Code of Transparency and Good Governance in Public Finance Management, which states in Article 36 that ‘Periodic reports on the budget implementation status shall be published during the year.”. This requirement is also in line with
Pursuant to the provisions of Law No. 2018/012 of 11 July 2018 on the Fiscal Regime of the State and Other Public Entities in its article 62(2), the Minister of Finance, in a circular letter dated 15 October, reminded principal, secondary and delegated authorising officers, programme managers, contracting authorities and delegated contracting authorities, etc. of
Within the framework of the management of files identified and audited under the floating debt of the State and its branches, for the 2000-2019 period, The Minister of Finance hereby informs service providers and other beneficiaries whose claims have been validated and published on the www.minfi.gov.cm and www.dgb.cm websites, that they must imperatively produce the
The Ministry of Finance’s business survey for the first quarter of 2024 shows that overall business sales declined by 2.6% compared to the previous quarter. This decline was driven by sales in the primary and tertiary sectors, dropping by 3.6% and 4.8% respectively. Conversely, turnover in the secondary sector rose by 1.9%. Overall, there has
The laws of 11 July 2018 relating respectively to the fiscal regime of the State and other public entities, and the Code of transparency and good governance in the management of public finances in Cameroon have enriched the process of elaborating the finance law with a crucial stage that is the Budgetary Orientation Debate (BOD).
In accordance with section 85 sub-section 8 of Law No. 2018/012 of July 11, 2018 on the Fiscal Regime of the State and Other Public Entities, which states that “Government shall before Parliament, for information and control purposes, quarterly reports on the execution of the budget in revenue and in expenditure as well as on
Despite the difficult socio-economic situation throughout the year, the budget execution at the end of December 2022 is characterized by satisfactory results both in the mobilization of resources and in their use for the implementation of public policies. The State execution budget shows an overall deficit balance of 307.7 billion (1.1% of GDP). This deficit
