No Result
View All Result
  • About Us
  • Advertise
  • Careers
en English
en Englishfr Français
Support Us
Mimi Mefo Info
  • Cameroon
  • Africa
  • Politics
  • Society
  • Business
  • Education
  • Tech
  • Entertainment
  • Opinion
  • Editor’s Picks
  • Sport
  • Cameroon
  • Africa
  • Politics
  • Society
  • Business
  • Education
  • Tech
  • Entertainment
  • Opinion
  • Editor’s Picks
  • Sport
No Result
View All Result
Mimi Mefo Info
English | Français
No Result
View All Result

Coronavirus fallout: President Biya slashes Cameroon’s state budget by 11%

Mimi Mefo Info by Mimi Mefo Info
June 9, 2020
Reading Time: 2 min
Share on FacebookShare on Twitter

The state budget of Cameroon has been trimmed down by 11% representing the sum of FCFA 542.2 billion in a bid to cushion the damaging economic impact of the novel coronavirus, COVID-19 pandemic.

The ordinance signed by Cameroon’s 87-year-old president Paul Biya amends the 2020 finance law. This change has seen the 2020 state budget adopted by Parliament to the tune of FCFA 4951.7 Billion sliding down to FCFA 4409 billion.

Here’s the problem in a nutshell: Government at every level relies on revenue estimates when planning budgets. More than a year in advance, the state anticipates how much the economy will grow, how much the usual taxes (income, sales and property among the larger sources) will rake in and then authorize spending on such broadly popular purposes as paying teacher salaries as well as those of police and firefighters, upgrading transportation (from building roads to filling pot holes) and addressing a host of other small, yet important responsibilities from reviewing development plans to maintaining public parks.

The abruptness and jaw-dropping scale of the current downturn could surely never have been anticipated even weeks ago.

Governments have installed some protections such as surpluses and rainy day funds (a balance that is tapped only in the event of an unanticipated emergency) but none is anywhere near enough to cover what’s eventually coming their way. The government’s reserves might float its general fund obligations a month, for instance. So they have two options but really only one. Officials can cut spending or they can increase taxes. And given how any elected leader who dares pursue a tax hike right now would mean his or her own unemployment courtesy of the ballot box, it’s really just about cutting spending.

At first, there will be fat to trim, efficiencies found, public relations campaigns that can be deferred, contracts that can be delayed. Then there are the tougher choices like hiring and pay freezes. And then, as things get bad, the dreaded “f” word — furloughs or unpaid holidays or even salary reductions for government workers.
Cameroon is not there yet coz only recently the country was seen concerned with buying luxury cars for newly elected lawmakers as well as for members of the bogus cabinet.

Mimi Mefo Info

You can help support our work through the link below
Share387TweetSendShare
Previous Post

AU should begin mediation process for Anglophone crisis – Herman Cohen, US Diplomat

Next Post

Samuel Wazizi: “Enough is enough” – singer Kareyce Fotso

Related Posts

This Week in Scholarships – 22-11-2020
Africa

This Week in Scholarships MMI 11 – 28-02-2021

February 28, 2021
Pope Bisong: Leading Cameroon’s second generation agriculture dream
Agriculture

Pope Bisong: Leading Cameroon’s second generation agriculture dream

February 26, 2021
Nwa MP blames diaspora for killings, hints imminent dialogue to end Mbororo-native conflict
Cameroon

Nwa MP blames diaspora for killings, hints imminent dialogue to end Mbororo-native conflict

February 26, 2021
Cameroon

Letter to US Congressmen: Hon. Jean Michel Nintcheu expresses dismay, shock at Cameroonian MPs

February 26, 2021
Cameroon

U.S Congress letter to Joe Biden: Cameroon MPs fire Back at “Falsehood”

February 24, 2021
Uzbekistan: Six Cameroonians detained for trafficking counterfeit dollars
Cameroon

Uzbekistan: Six Cameroonians detained for trafficking counterfeit dollars

February 24, 2021
You can help support our work via the link below

Recommended

Over 100 Migrants including Cameroonians rescued from sea

Over 100 Migrants including Cameroonians rescued from sea

1 hour ago
This Week in Scholarships – 22-11-2020

This Week in Scholarships MMI 11 – 28-02-2021

3 hours ago
Cameroon to receive 100,000 COVID-19 jabs from China

Fighting COVID-19:
Cameroonian government officials accused of preaching virtue and practicing vice

9 hours ago
Douala Urban Disorder: Occupants of sidewalks to be ‘cleared’

Douala Urban Disorder: Occupants of sidewalks to be ‘cleared’

10 hours ago

Popular News

  • Updates: Who killed the 4 chiefs in Lebialem? The Plot thickens

    Updates: Who killed the 4 chiefs in Lebialem? The Plot thickens

    0 shares
    Share 0 Tweet 0
  • Bui Division:
    Separatist faction challenges CPDM MP’s unity call, promises hell for soldiers

    0 shares
    Share 0 Tweet 0
  • Paul Tasong and Christopher Anu in war of words over killing of Lebialem chiefs

    0 shares
    Share 0 Tweet 0
  • War in NW, SW: Child roasted alive in Batibo

    0 shares
    Share 0 Tweet 0

You can help support our work via the link below

Category

  • Affairs
  • Africa
  • Afrique
  • Agriculture
  • Business
  • Cameroon
  • Cameroun
  • Culture
  • Développement
  • Economie
  • ECONOMY
  • Editor's Picks
  • Editorial
  • Education
  • Entertainment
  • Environment
  • Environnement
  • Food
  • Français
  • French
  • Gestion
  • Gouvernance
  • Health
  • Human Interest/Society
  • Human Rights
  • HUMANITAIRE
  • Insécurité
  • Interviews
  • Judiciary
  • Justice
  • Lifestyle
  • Live Update
  • MONDE
  • News
  • News Roundups
  • Opinion
  • Other
  • Politics
  • Politique
  • Religion
  • Road Safety
  • Santé
  • Science
  • Security
  • Société
  • Sport
  • Tech
  • Tourisme
  • Transport
  • Travel
  • Voyage
  • World

Important Links

  • Term of Use
  • Privacy Policy
  • About Us

Copyright © 2020 Mimi Mefo Info Ltd. - All Rights Reserved.

No Result
View All Result
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Fashion
  • Lifestyle
  • Tech
  • Health
  • Food

Copyright © 2020 Mimi Mefo Info Ltd. - All Rights Reserved.

en English
en Englishfr Français
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
pixel