KEY FINDINGS
- High debt service cost and government wage bill are crowding out priority spending such as public investments, health, agriculture and fisheries.
- An inadequate public investment budget which represents only about 6% of the GDP of Cameroon, i.e., 24% of the annual budget, which is below the 30% needed to reach emergence in 2035 according to the World Bank and the Strategy for Growth and Employment document.
- An inadequate public health budget representing less than 1% of the GDP or 4.29% of the annual budget.
- The national policy priorities of the government are not including both the development of fish farming and improving the productivity and competitiveness of the agricultural sector (with rice and frozen fish imports of about 315 billion FCFA according to the World Bank).
- Quantitative indicators or outputs loosely related to the government’s objectives or outcomes.
[…] to the average rate across African countries estimated at 16%. This value-added tax represents the main source of fiscal receipts as it accounted for 26.5% of the 2019 annual budget. In general, value-added tax (VAT) is a […]