Cameroon’s 2018 State budget balanced in revenue and expenditure at FCFA 4,513.5 billion has gone operation since January 1, 2018. The budget which is launched this January 10 and 11, 2017 across the country is being executed within a context marked at the national level, by the persistent reduction of petroleum resources, persistent pockets of insecurity both at some body areas and within the national territory. However, a substantial amount have been allocated for public investment. Apart from the Central Administration, the ten regions are also benefitting from several development projects aimed at improving the living conditions of the population. The ten regions put together, will gulp over FCFA 598 billion in projects such as water provision, construction and rehabilitation of roads, rural electrification, construction and rehabilitation of classrooms, health facilities as well as security amongst others.
According to a statement of the Minister of Economy, Planning and Regional Development, Louis Paul Motaze, the 2018 Public Investment Budget which was prepared in the context of implementation of the 2017-2019 fiscal reform programme, is consistent with the development strategy outlined in the Growth and Employment Strategy Paper (GESP) and in other government priority commitments, notably development of infrastructure, preparation of the 2019 AFCON, implementation of the Special Three-year Youth Plan and the fight against border insecurity. Thus, he added, the 2018 Public Investment Budget (PIB) focuses on the completion and operation of major first-generation projects, as well as ongoing projects, so that they could rapidly yield the expected results to strengthen conditions that would enable the private sector to take the lead in public investments. The 2018 PIB therefore builds on the preparation of major second-generation projects for their kick-off as from 2020 and continuation of investments as part of the government social policy.