Cameroon’s 2019 draft budget which currently stands at F CFA 4,850.5 billion is currently under the scrutiny at the National Assembly.
The bill of FCFA 4850,5 billion as against FCFA 4.689.5 billion in 2018, shows a 3.4% increase, with FCFA 161 billion.
Law experts say the draft finance law has been elaborated under a specific context. It is said to be a translation of zeal to boost the country’s strong economic growth within an international environment, characterized by relative increase in oil prices. Among which are the insecurity situation in the Far North, and the crisis in the country’s North West and South West regions that has created a serious humanitarian problem.
Going by the experts, the bill meets the aspirations of the triennial economic and financial programmme concluded on 26th June 2017 with the International Monetary Fund, (IMF).
The draft bill also covers the exigences of the decentralization process. In 2019,Cameroon will be expected to finance the electoral process. At least two elections have been scheduled; the Legislative and municipal elections. At the same time, Cameroon will host the Africa Cup of Nations, AFCON, a major continental event which will bring together 24 teams for the first time.