Parliament budgetary session begins November 14
Cameroon's president of the national assembly, Honourable Cavaye Yeigei Gibril has fixed a meeting to hold on the 14th of November, 2017 to discuss the state budget.
The announcement was made Tuesday, November 7.
Cameroon’s draft budget for 2018 is projected at F CFA 4,513 billion as against F CFA 4,373 billion for 2017.
In the draft budget, more than 588 billion CFAF was planned for works with 155 billion CFAF for investment and approximately 727 billion CFAF to service the debt.
For the 2018 budget, the Cameroon’s will negotiate concessional and non-concessional loans amounting up to F CFA 150 billion and F CFA 500 billion respectively.
In 2018, the Cameroon state will also issue government bonds, notably Treasury bonds, for a maximum F CFA 260 billion to finance development projects.
Cameroon’s minister of Finance will also be empowered to actively manage the debt and cash through operations of repurchase, exchange or early redemption of issued securities, use of hedging instruments against risks.
The announcement was made Tuesday, November 7.
Cameroon’s draft budget for 2018 is projected at F CFA 4,513 billion as against F CFA 4,373 billion for 2017.
In the draft budget, more than 588 billion CFAF was planned for works with 155 billion CFAF for investment and approximately 727 billion CFAF to service the debt.
For the 2018 budget, the Cameroon’s will negotiate concessional and non-concessional loans amounting up to F CFA 150 billion and F CFA 500 billion respectively.
In 2018, the Cameroon state will also issue government bonds, notably Treasury bonds, for a maximum F CFA 260 billion to finance development projects.
Cameroon’s minister of Finance will also be empowered to actively manage the debt and cash through operations of repurchase, exchange or early redemption of issued securities, use of hedging instruments against risks.
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