The Minister of Finance, Alamine Ousmane Mey, yesterday opened a two-day seminar in Yaounde for stakeholders to draw lessons from previous budgets
Groundwork for the drawing up of the 2018 State budget of Cameroon has kicked off in Yaounde. The Minister of Finance, Alamine Ousmane Mey, yesterday Tuesday May 30, 2017, officially opened a seminar to launch activities for the preparation of the 2018 State budget. During the ceremony, Minister Alamine Ousmane Mey urged stakeholders from various administrative structures to put in place concerted efforts so that government comes up with a budget that fits the national context and responds to international standards. According to the Minister, the seminar which ends today aims to draw lessons from loopholes in budget execution by various structures as well as assess and fine-tune strategies for better implementation. “The drawing up of the budget is of outmost importance as its legal, economic and financial aspects determine the life and future of the country,” Alamine Ousmane Mey said, noting that respect for deadlines in budget execution will be of paramount importance.
Going by the Minister of Finance, the 2018 State budget will pay particular attention to the upcoming multiple elections in the country. He equally cited the fostering of the decentralization efforts, the finalisation of the second quarter of the triennial programme budget and the 2019 African Cup of Nations as some of the major aspects which the 2018 budget will address. Cameroon Tribune learned the furtherance of the ‘Special Youth’ plan and the fight against border insecurity will also gain prominence in the 2018 state budget. Minister Alamine told reporters that the investment component of the budget will strictly fall in line with the Head of State’s vision of making Cameroon become an emerging economy by 2035. “We will make expenditure better and suitable for our context,” he vouched.
It should be noted the 2018 State budget will be drawn up at a time when there is a drop in global oil prices and insecurity across the central African sub-region. The 2018 State budget will mark the end of the second quarter of the programme budget.