This drop in revenue is due to the drop in tax revenue (-587.353) driven by "Value-added taxes and turnover" (-298,017), "Taxes on specific products and excise duties "(-69,022)," Import duties and taxes "(-68.411 billion)," Personal income taxes "(-40,794)," Petroleum company taxes "(- 39.947). Besides, the other recipes are not doing any better. Thus, the “Revenues...

According to the Director-general of the budget at MINFI, Cyrille Edou Alo'o, in the columns of the newspaper: "the festivities marking the feast of National Unity (May 20) and the celebration of International Labor Day on May 1 are cancelled positions which made it possible to reduce the current expenditure envelope. As well as the...

"This fund is funded to the tune of FCfa 180 billion in the second half of 2020. The expenses borne by the said fund must contribute to the achievement of the objectives set out in the global response plan against the coronavirus pandemic", reads the document signed by Edou Alo'o Cyrill.

"If I take the case of oil, we have made our 2020 finance law on an assumption of a barrel at 54.4 dollars. There we are at less than 30 dollars. You understand that the consequence is immediate, "Minister of Finance Louis Paul Motaze said during the third Extra-ordinary session of the steering committee of...

The opacity in their management fueled by the eternal conflict between on the one hand their social and political functions and on the other hand, their economic missions, makes them almost all incapable of being forced to comply with the transparency requirements of the financial markets. It was one of the big announcements of the...

The “reasonable” deadline fixed at CEMAC and BEAC by the Heads of state of the sub-region to propose a reform plan for the common currency is clearly not yet exhausted. On November 22, 2019, the heads of state of the countries of the Central African Economic and Monetary Community CEMAC (Paul Biya from Cameroon, Faustin...

The country has complied with Community regulatory requirements for securing the reimbursement of these securities. The President of the Central African Banking Commission COBAC, also Governor of the Bank of Central African States BEAC, Abbas Mahamat Tolli, wrote to the Minister of Finance of Cameroon, Louis Paul Motaze, on May 4, 2020, to signify his...

The grant contract was signed on May 18 between the Minister of the Economy, Planning and Regional Development and the French Development Agency, as part of the development and debt reduction contract. The Minister of Economy, Planning and Regional Development MINEPAT, Alamine Ousmane Mey and the French Development Agency (AFD), signed this May 18, a...

This represents an increase of 35% compared to those generated at the end of 2018 (9.5 billion FCFA). The reserves of the countries of the Economic and Monetary Community of Central Africa (CEMAC), deposited with the French Treasury, generated 13 billion FCFA of interest in 2019. This performance was made possible thanks to “a significant...