Budgetary Orientation Debate : Gov’t Fine-tunes Medium Term Document

Government has fine-tuned its document on the main orientations of its development strategy for 2024-2026 period which will be presented in Parliament in the coming days. Prime Minister, Head of Government, Joseph Dion Ngute on June 20, 2023 chaired the traditional monthly cabinet meeting during which the medium term document was presented and examined. 
In his opening remark, Joseph Dion Ngute said legal exigencies in the Code on Transparency and Good Governance, the financial regime of the State and other institutional reforms, oblige government to present the major orientations of the budget for the medium term (2024-2023-2026) before lawmakers latest on July 1 of the ongoing year for budgetary orientation debates. The cabinet meeting was thus precipitated to that effect in order to meet up with the legally stipulated deadline.  Three presentations were made at the meeting. The Minister Delegate at the Ministry of Finance, Yaouba Abdoulaye on behalf of the Minister presented budgetary perspectives of the State for the period 2024-2026 while the Minister Delegate at the Ministry of the Economy, Planning and Regional Development, Paul Tasong, equally on behalf of the Minister highlighted medium term orientations and priorities for investments of the State. The epidemiological situation of the country was presented by the Minister of Public Health, Manaouda Malachie.  
In his presentation, Minister Yaouba Abdoulaye said with regards to revenue collection, the target is to progressively broaden sources of non-petroleum revenue while the principle of rationality guides public expenditure. Globally, the medium term economic and budgetary programming document targets public actions such as the putting in service of first generation giant projects, notable the Nachtigal Hydroelectric Dam, continuing the implementation of the import-substitution policy, upgrading Cameroon's capacity in wood transformation, accelerating the rehabilitation and restructuring of the National ...