Cameroon - Public finance



Cameroon relies heavily on customs duties and direct taxes as sources of government revenue. Most of Cameroon's oil revenues do not appear in the national budget and are maintained in secret accounts abroad. The year 2000 budget was increased from $112 million to almost $2.2 billion in order to repay public debt, subsidize national education, public health, maintain infrastructure, and fund the police and armed forces. Also in 2000, the government of Cameroon was commended by the IMF for sound macroeconomic policies and thereby qualified for $2 billion in debt relief under the Heavily Indebted Poor Countries (HIPC) initiative.

The US Central Intelligence Agency (CIA) estimates that in 2000/2001 Cameroon's central government took in revenues of approximately $2.2 billion and had expenditures of $2.1 billion. Overall, the government registered a surplus of approximately $100 million. External debt totaled $10.9 billion.

The following table shows an itemized breakdown of government revenues and expenditures. The percentages were calculated from data reported by the International Monetary Fund. The dollar amounts (millions) are based on the CIA estimates provided above.

Cameroon

REVENUE AND GRANTS 100.0% 2,200
Tax revenue 79.7% 1,752
Non-tax revenue 20.3% 448
EXPENDITURES 100.0% 1,712
General public services 21.2% 445
Defense 9.5% 200
Public order and safety 4.0% 83
Education 12.0% 252
Health 3.4% 72
Social security 0.5% 10
Housing and community amenities 1.0% 20
Recreation, cultural, and religious affairs 0.7% 15
Economic affairs and services 6.8% 143
Other expenditures 3.1% 65
Interest payments 19.3% 406
Also read article about Cameroon from Wikipedia

User Contributions:

1
Patriot
Report this comment as inappropriate
Feb 13, 2015 @ 6:06 am
Good afternoon. Please can I have 2014 stats? Thank you.

Comment about this article, ask questions, or add new information about this topic:

CAPTCHA