2017 Financial Year: Settlement Bill Deposited

The Settlement bill of the Republic of Cameroon for the 2017 financial year has been tabled for consideration before Members of Parliament at the National Assembly. It was deposited on Friday November 9, 2018, during a plenary sitting chaired by the Speaker of the National Assembly, Hon. Cavaye Yeguie Djibril.

Bill N° 1040/PJL/AN, prepared in accordance to Sections 20, 21 and 22 of Law No. 2018/12 of 11 July 2018 of the financial regime of the State, seeks to establish the final amount of the revenue and expenditure executed under the State budget for 2017 fiscal year. Government’s explanatory statement indicates that the State budget for 2017 financial year adopted in revenue and expenditure stood at FCFA 4,373,800,000,000.

Total revenue stood at FCFA 4,529,703,498,754 showing an execution rate of 103.56 per cent in relation to projections (FCFA 4,373,800,000, 000). This performance is explained by a high tax revenue mobilisation rate of 99.63 per cent, as well as international cooperation loan overruns (113.62 per cent) resulting from budget support provided by partners under the Economic and Financial Arrangement signed in 2017 with the International Monetary Fund.

Total revenue was gotten through generated revenue, loans and grants ...