Preparing the 2022 Finance Law : PM Instructs Finance Minister To Respect Administrative Procedure

“The Prime Minister, Head of Government, His Excellency Joseph Dion Ngute, on Monday, 8 November 2021, as from 10 a.m. at the Auditorium of the Prime Minister's Office, chaired a special Cabinet meeting attended by Ministers of State, Ministers, Ministers-Delegate and Secretaries of State.
There was only one item on the agenda, namely the statement by the Minister of Finance on the "guidelines for the draft finance law for the year 2022 " 
At the end of the Head of Government's introductory statement, the Minister of Finance began by presenting the context in which the preliminary draft finance law was drawn up. He stressed that at the international level, the recovery of the world economy is taking place against a backdrop of uncertainty due to the resurgence of the Coronavirus disease. At the national level, the growth rate which is estimated at 3.6% in 2021, is supported by the dynamism of activities in the agricultural and construction sectors as well as the positive impact of the recovery measures initiated by Government. In this vein, macroeconomic projections envisage growth and inflation rates of 4.2% and 2% respectively in 2022.
Against this backdrop, the Minister of Finance said that focus will be on budgetary consolidation during the 2022 fiscal year, with a view to ensuring the sustainability of public finance in the medium and long term, and to guarantee the adequate implementation of the 2030 National Development Strategy, in line with the new economic and financial programme concluded with the International Monetary Fund. Thus, emphasis will be laid on strengthening the mobilisation of non-oil internal revenues as well as on controlling and improving the efficiency of public spending.
Turning to the orientations of public action, the Minister noted that they essentially concern the strengthening of the dynamics of economic growth, the commissioning of major infrastructural projects, the improvement of the business climate and the implementation of the import-substitution policy focused on supporting the production of consumer goods. In addition, the Africa Cup of Nations will be organised satisfactorily, and actions such as the reconstruction of the Far North, North West and South West regions will be taken to resolve the security crisis. On the social front, priority will be given...