DGI Directivo General de Impuls Directorate General of Taxation
ANNUAL REPORT
Directorate General of Taxation
MINISTRY OF FINANCE
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« (...) Fiscal reforms, particularly in the taxation and customs sectors, have boosted our capacity to mobilize funds from the international financial market...
... Thanks to financial resources mobilized both within and outside the country, substantial investments have been made to complete the first generation transformational projects (...) ».
EXCERPT FROM THE SPEECH OF H.E. MR. PAUL BIYA, PRESIDENT OF THE REPUBLIC, TO THE NATION ON DECEMBER 31, 2021.
H.E. PAUL BIYA
President of the Republic of Cameroon
DIRECTORATE GENERAL OF TAXATION
Annual Report - 2021
Chief Dr. Joseph Dion NGUTE Prime Minister - Head of Government
Mr. Louis Paul MOTAZE Minister of Finance
Mr. Gilbert Didier EDOA Permanent Secretary at the Ministry of Finance
Mr. YAOUBA ABDOULAYE Minister Delegate to the Minister of Finance
DIRECTORATE GENERAL OF TAXATION Annual Report • 2021
Foreword
FROM THE MINISTER OF FINANCE
The strong growth of the world economy in 2021, with an estimated 6.0% increase in real GDP, should be seen in the context of the severe recession (-3.1%) in the previous year caused by the Covid-19 pandemic. This growth was due in part to the continued adjustment of economies, to the restrictions of the Covid-19 pandemic and to continued government support in many countries. However, the momentum dropped as supply chains continued to be disrupted in many ways.
In this context, the Cameroonian economy is experiencing a recovery in activity and the real GDP growth rate has risen to 3.6%, after 0.3% in 2020. This recovery is linked to the gradual reopening of the world's economies, after a difficult year in 2020,
State budget revenue of FCFA 2 065.7 billion represents 39.1% of total resources and 59.0% of the country's resources. Thus, the execution of the State budget in 2021 confirms the position of the DGT as the primary source of public resources.
and the resumption of economic activity in the sectors that were the hardest hit by the crisis, notably services and processing activities.
At the end of the 2021 fiscal year, the Directorate General of Taxation (DGT) mobilised total tax revenue of FCFA 2 305.0 billion, of which FCFA 2 065.7 billion for the State budget and FCFA 239.3 billion for the Local Authorities (LA) and certain
Public Entities (PE). Compared to the achievements of the year 2020, total revenue is up by FCFA 182.1 billion (+8.6%).
State budget revenue of FCFA 2 065.7 billion represents 39.1% of total resources and 59.0% of the country's resources. Thus, the execution of the State budget in 2021 confirms the position of the DGT as the primary source of public resources.
To achieve this result, the year 2021 was aligned with previous years in the process of modernising the tax system through tax administration and tax policy reforms.