National Assembly : Ordinance Bill Adopted

The Members of the National Assembly during the plenary sitting presided at by the Senior Deputy Speaker of the Lower House of Parliament, Hon. Hilarion Etong scrutinised and adopted the bill to ratify Ordinance No. 2022/1 of 2 June 2022 to amend and supplement some provisions of Law No. 2021/26 of 16 December 2021: Finance Law of the Republic of Cameroon for the 2022 Financial Year. The Minister of Finance Louis Paul Motaze defended the bill. This was in the presence of the Minister Delegate at the Presidency in charge of Relations with the Assemblies, Bolvine Wakata.
The Minister took off time to explain the importance of the ordinance which makes useful adjustments to the 2022 initial Finance law that contains the 2022 State budget. The budget has been revised upward from FCFA 5 752.4 billion in the initial finance law to FCFA 6 080.4 billion, representing an increase of FCFA 328 billion in absolute terms and 5.8 per cent in relative terms, of which FCFA 5 977.7 billion is for the general budget and FCFA 102.7 billion for special appropriation accounts. 
In the ordinance concerning expenditure, personnel expenditure is FCFA 1 174.3 billion against FCFA 1 124.8 billion, registering an increase of FCFA 49.5 billion. Government explained that the increase takes into account secondary ...