2023 state budget, what to expect
The amount of money, to be disclosed during the November parliamentary session, will be geared towards the completion of first generation projects, reconstruction of affected regions, amelioration of the business climate and for the setting up of an import-substitution policy to promote made in Cameroon products.
Economic growth in Cameroon is estimated at 4.2% with a 3% inflation rate. Finance minister Louis Paul Motaze adds that focus will be on reviving local economic activities as the Russia-Ukraine war effects are still felt across the world.
No money will be set aside for fighting Covid19 as public health minister, Manaouda Malachie disclosed Cameroon’s seroprevalence stands at 60% – equivalent to collective immunity.
While waiting to know the exact budget for 2023, one must note that in 2022, parliament voted a 5.752.4 billion FCFA state budget which was increased by F CFA 328 billion following an ordinance from the head of state in June 2022.
This was disclosed by the minister of finance on state media on October 28 2022.
