REPUBLIQUE DU CAMEROUN PAIX-TRAVAIL-PATRIE REPUBLIC OF CAMEROON PEACE-WORK-FATHERLAND
# GOVERNMENT'S ECONOMIC, FINANCIAL, SOCIAL AND CULTURAL PROGRAMME FOR THE 2016 FISCAL YEAR
PRESENTED TO THE NATIONAL ASSEMBLY BY
# HIS EXCELLENCE PHILEMON YANG PRIME MINISTER, HEAD OF GOVERNMENT
YAOUNDÉ, __ NOVEMBER 2015
The Right Honourable Speaker of the National Assembly, Honourable Members of the Bureau of the National Assembly, Honourable Members of Parliament, Distinguished Guests, Ladies and Gentlemen,
I am very delighted to take the floor before the full membership of the National Assembly to present Government's Economic, Financial, Social and Cultural Programme for the 2016 fiscal year.
I sincerely thank The Right Honourable Speaker for the kind words he said to me and the entire Government.
2
# Honourable Members of Parliament,
The Economic, Financial, Social and Cultural Programme for the 2016 fiscal year that I am going to present comes at the transition of two three-year budgetary periods, namely:
- the 2013-2015 three-year period, to end in a few weeks, is the first period during which the concept of programme budgeting was initiated by Government; and
- the 2016-2018 three-year period, to start in 2016, will consecrate the second contingent of programme-budgets which will further consolidate the learning acquired and be implemented in an optimal manner.
The presentation of this programme will be preceded by a brief assessment of the achievements
3
of the 2013-2015 three-year period, with emphasis on key achievements in the 2015 fiscal year.
Honourable Members of Parliament, Ladies and Gentlemen,
During the last three years, Government action as defined by the Head of State was implemented in a context marked by:
- the resurgence of geo-political and security crises;
- the deceleration of economic activity in a number of emerging countries; and
- economic recovery in some advanced countries.
Although growth remained at a satisfactory level internally, Cameroon’s economy was not spared
4
from external and internal shocks over the last three years.
Cross-border insecurity in the Far-North and East Regions had a negative impact on sub-regional trade, and by extension, on our customs and tourism receipts.
Declining commodity and oil prices particularly affected the competitiveness of our economy and aggravated the structural imbalance of the current external account of the balance of payments.
Faced with these realities which affect our economy, the Head of State instructed Government to concretize the implementation of his Programme of Greater Accomplishments, over the last three years.
5
The Right Honourable Speaker of the National Assembly, Honourable Members of Parliament,
At mid-way point, permit me to recall for your information that the Programme of Greater Accomplishments ordered by the President of the Republic is centred on the following pillars:
- the improvement of economic governance as well as territorial and local governance;
- the consolidation and firm establishment of democracy;
- the effective implementation of major anchor projects; and
- the improvement of the business climate.
The assessment of the "Fresh Impetus" lent to Government action in the 2013-2015 three-year
6