State Budget For 2021 : The Different Allocations

The President of the Republic, Paul Biya on December 17, 2020 promulgated Law No. 2020/018 of 17 December 2020: Finance Law of the Republic of Cameroon for the 2021 financial year. The promulgation of the finance law that contains the State budget for 2021 came after parliament deliberated and adopted the bill on the finance law during the November 2020 ordinary session of  both the National Assembly and the Senate.
The State budget  for the 2021 financial year comprises the overall budget, ancillary budget and special appropriation accounts  balanced in revenue and expenditure at FCFA 4 865.2 billion of which FCFA 4 670 billion is the overall budget. The sum of FCFA 195.2 billion stands for Special Appropriation Accounts. In the budget, the domestic revenue and grants are projected at FCFA 3 456.6 billion up by FCFA 506 billion representing a 17.2 per cent increase. With regard to expenditure, the budget specifies that overall budget expenditure is broken down into major categories. Recurrent expenditure stands at FCFA 3 318 billion, public investment budget stands at FCFA 1 352 billion.
Cameroon’s 2021 State budget was prepared within a global context marked by a COVID-19 crisis-ridden economy  whose growth is expected to experience a sharp decline to -4.4 per cent in 2020, after recording a 2.9 per cent growth in 2019. With regard to the Central African Economic and Monetary Community (CEMAC) zone, growth is expected to drop to -3.1 per cent against 2.1 per cent in 2019. However, there is expected to be a 3.4 rebound in 2021. Inflation is projected to rise from 2.6 per cent in 2020 to 2.7 per cent in 2021, from 2 per cent in 2019. At Cameroon’s level, economic gr...