Expenditure budget dropped by 3.7% YoY to XAF2,117 bln in H1-2020 (MINFI)

Business in Cameroon | The volume of Cameroon’s budget expenditures reached XAF2,117.1 billion in H1-2020, according to the Ministry of Finance. Compared with the XAF2,197.1 billion recorded in H1-2019, this represents a decrease of XAF80.6 billion (-3.7%) between the two periods. “This drop was mainly due to capital expenditures and public debt service,” the Ministry writes. The implementation rate of these expenditures is 48%, compared with the XAF4,409 billion target set in the June 2020 budget amendment.

Current expenditures

During the period, current expenditures increased by XAF52.6 billion (+4.6%) year-on-year to reach XAF1,160.3 billion. Compared with the XAF2,231.7 billion forecast for the year, their execution rate is 52%.

In detail, Personnel expenses increased by 5.5% to XAF511.7 billion in the first half of 2020 compared to XAF485.3 billion during the same period in H1-2019. Compared with the annual forecast of XAF1,040.8 billion, the execution rate is 49.2%.

As for transfer and pension expenditures, they amounted to XAF291.8 billion in H1-2020 (representing an increase of XAF29.8 billion 11.4% year-over-year) mainly because of subsidies for fuel prices. Compared with the XAF548.7 billion forecast for the year, the execution rate was 53.2%.

Capital expenditures

As far as Capital expenditures are concerned, they amounted to XAF424.9 billion during the period. Compared with the XAF579.8 billion recorded in H1-2019, this is a decrease of XAF154.9 billion (-26.7%) between the two periods. But, compared with the annual forecast of XAF1,263.4 billion, this expenditure shows an execution rate of 33.6%.

Public debt service

In the same vein, public debt service amounted to XAF408.5 billion during the period, down by XAF27.2 billion (-6.2%) compared with the XAF435.7 billion recorded in H1-2029. Compared to the XAF913.9 billion forecast for the year, the public debt service execution rate is 44.7%.

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