REPUBLIC OF CAMEROON Peace – Work – Homeland *********
REPUBLIC OF CAMEROON Peace – Work – Fatherland *********
BUDGET ORIENTATION DEBATE ************ ECONOMIC PROGRAMMING DOCUMENT AND MEDIUM-TERM BUDGET 2027-2029
PREPARATION OF THE 2027 STATE BUDGET
CONTENTS
CONTENTS..................................................................................................................I LIST OF TABLES ...................................................................................................... III LIST OF APPENDICES.............................................................................................. III LIST OF ACRONYMS AND ABBREVIATIONS ................................................................ IV INTRODUCTION......................................................................................................... 1 CHAPTER I: MACROECONOMIC SITUATION AND OUTLOOK ................................... 3 I. INTERNATIONAL ECONOMIC ENVIRONMENT .................................................... 4 II. RECENT NATIONAL ECONOMIC SITUATION ....................................................... 5 II.1. MACROECONOMIC SITUATION ................................................................... 5 II.2. SOCIAL SECTORS ...................................................................................... 6 III. MACROECONOMIC OUTLOOK 2027-2029 ....................................................... 7 CHAPTER II: MANAGEMENT OF PUBLIC FINANCES .............................................. 8 I. BUDGET IMPLEMENTATION SITUATION IN 2025 .............................................. 9 I.1. MOBILIZATION OF RESOURCES OF THE STATE BUDGET ........................... 9 I.2. IMPLEMENTATION OF STATE BUDGET EXPENDITURES .............................. 9 I.3. BUDGETARY BALANCES ............................................................................ 10 I.4. FINANCING ............................................................................................... 11 II. BUDGET IMPLEMENTATION STATUS AT THE END OF MARCH 2026 ............... 11 II.1. BUDGETARY RESOURCES ........................................................................ 11 II.2. BUDGETARY EXPENDITURES ................................................................... 13 II.3. BUDGET BALANCES ................................................................................ 14 CHAPTER III: STRATEGIC ORIENTATIONS OF PUBLIC POLICIES .......................... 15 I. NDS30 IMPLEMENTATION STATUS AND CHALLENGES .................................... 16 I.1. ACTIONS TAKEN AND RESULTS ............................................................... 16 I.2. CHALLENGES ............................................................................................ 18 II. GLOBAL AND SECTOR SPECIFIC STRATEGIC ORIENTATIONS .......................... 19 II.1. OVERALL STRATEGIC ORIENTATIONS ..................................................... 20 II.2. SECTORAL STRATEGIC ORIENTATIONS ................................................... 20 CHAPTER IV: BUDGETARY PERSPECTIVES FOR THE 2027-2029 TRIENNIMUM .... 25 I. RECENT SITUATION AND OBJECTIVES OF BUDGETARY POLICY ...................... 26 I.1. NON-OIL DOMESTIC REVENUE ............................................................... 28 I.2. EXPENDITURES ....................................................................................... 37 I.3. FINANCING POLICY ................................................................................ 44 II. 2027-2029 BUDGETARY FRAMING ................................................................. 51 II.1. REMINDERS OF MACROECONOMIC ASSUMPTIONS ................................. 51 II.2. BUDGETARY REVENUE PROJECTIONS .................................................... 51 II.3. 2027-2029 BUDGETARY EXPENDITURE PROJECTIONS ............................ 52
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II.4. BUDGET DEFICIT AND FINANCING..................................................................................53 II.5. BUDGETARY CONSTRAINTS AND RISKS 2027-2029............................................................54 CONCLUSION...........................................................................................................................55 APPENDICES..........................................................................................................................II-A
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LIST OF TABLES
Table 1: World growth indicators (%) ..................................................................................................................5 Table 2: Budgetary resources for the 2025 fiscal year..........................................................................................9 Table 3: Budgetary expenditures for the 2025 fiscal year ...................................................................................10 Table 4: Summary of budget implementation (in billions).....................................................................................10 Table 5: Financing (billions)..................................................................................................................................11 Table 6: Implementation of budgetary resources at the end of March 2026 (In billions of CFA francs, unless otherwise specified) ..................................................................................................................................11 Table 7: Execution of expenditure at the end of March 2025 (In billions of CFA francs, unless otherwise specified)..13 Table 8: Budgetary balances (Billions of CFA francs)..........................................................................................14 Table 9: 2027-2029 Public Finances Trajectory ..................................................................................................28 Table 10: Projection of non-oil domestic revenues over the 2027-2029 period......................................................30 Table 11: Evolution of Tax Expenditures ..............................................................................................................33 Table 12: Projected customs revenue over the 2027-2029 period..........................................................................33 Table 13: Non-tax revenue yield by major masses between 2020-2025 ..................................................................36 Table 14: Projected Non-Tax Revenue for the 2027-2029 Period (In billions).......................................................37 Table 15: Distribution of public administration workforce and wage bill paid by sector at the end of 2025 ............38 Table 16: Volume of arrears paid between January and December 2025 by sector ................................................39 Table 17: Evolution of categories of current expenditure (in billions of CFA francs)............................................39 Table 18: Evolution of the share of the PIB in the State budget............................................................................42