2022 State Budget : Government Presents Projections

Necessary projections and modalities on the 2022 State budget of Cameroon have been presented by the Minister of Finance, Louis Paul Motaze. This was during a special cabinet meeting chaired by the Prime Minister, Chief Dr. Joseph Dion Ngute on November 8, 2021. 
Opening deliberations, the Prime Minister said the special session has been convened within the framework of the process of the elaboration of the finance law for 2022. He added that in June 2021, together with cabinet members, they examined the Economic and Financial Programme of the country. The Prime Minister urged reflections to be in conformity with the Presidential Circular of August 30, 2021 relating to the 2022 finance law. 
In his presentation on the theme; “the guidelines of the draft 2022 finance law,” the Minister of Finance, Louis Paul Motaze noted that four principal aspects were taken into consideration prior to the drafting of the document and they include; the context of the elaboration of the draft finance law, objectives of budgetary policies, principal innovations and reasons relating to new fiscal and custom dispositions. Minister Louis Paul Motaze stated that the draft finance law was prepared in accordance to the July 11, 2018 law on the financial regime of the State and the above mentioned Presidential Circular while taking into consideration national and world economic evolutions. The global objective for 2022, the Finance Minister stated, remains the consolidation of budgetary principles by assuring long and medium term finance policies and guaranteeing a good implementation of the National Development Strategy 2030 in conformity with the directives contained in the presidential circular of August 2021 all in coherence with the new economic and finance programme concluded with the International Monetary Fund. “In this regard, particular attention has been directed to enforcing the mobilisation of non-petroleum internal revenue as well as mastering and improving the effectiveness of public expenditure, and finally reducing global budgetary deficit from 3.2% in the GDP in 2021 to two per cent in 2022,” the Minister stated. ...