The sum of FCFA 5,649.7 billion has expected to balance in revenue and expenditure has been projected has the state budget for the year 2022. The projection was tabled before Members of Parliament by Finance Minister Louis Paul Motaze.
This was during a plenary sitting on Budgetary Orientation chaired by the Senior Deputy Speaker of the National Assembly, Hon. Hilarion Eton. Some twenty MPs took to the rostrum to question the minister on the acceleration of the decentralization process, follow up process of unfinished projects after funds have clearly been disbursed, debt and tax burden, the priorities of the government, the economic recovery in a context still marked by the Covid-19, the pillars of the National Development Strategy 2020/2030 among others.
Minister said the debate was of utmost importance as it allows members of parliament to participate effectively in medium-term economic and budgetary programming document 2022-2024 which serves as a basis for discussion of the budget orientation debate on the preparation of the draft budget of the State of Cameroon for the year 2022. He used the session to explain to lawmakers the main pillars of the Medium-Term Economic and Budgetary Programming Document 2022-2024.
The MINFI indicated that the projections for the general State has an increase of 68.4 billion francs compared to 2021. He disclosed that priority areas will focus on reorganising the economy by taking risks and external threats into account, reversing some major trends in the economy, especially the latter’s dependence on international trade and building a solid foundation to better access foreign markets.
He said between 2022-2024 focus will be on pursuing the implementation of the comprehensive plan in response to the Coronavirus pandemic with its economic and social ramifications, completing the commissioning of first generation infrastructural development projects, implementing the presidential plan for the reconstruction and development of Regions impacted by security concerns, especially the North-West, South-West and Far-North Regions, expediting the decentralisation process, pursuing the process of implementing a policy on Universal Health Insurance Cover and the book policy, maintaining security at all times across the country.
Focus he further disclosed will be on organising the AFCON, servicing domestic debt progressively, and carrying out structural reforms to put Cameroon on the path of becoming an emerging economy by 2035 through the implementation of the National Development Strategy (NDS30) and others.
By Doh Bertrand Nua
No comments:
Post a Comment