Cameroon: Crisis causes budget drop
- Posted on Sunday 30 November 2008 - 16:31Elisabeth Benkam, VoicesofAfrica mobile reporter in Yaounde, CameroonCameroon's budget for 2009 will drop of 180 billions Francs CFA as a consequence of the current financial crisis. The government's bill currently discussed by the parliament mentions that 2301 billion FCFA will be needed for the functioning of the state next year.Loading video...However, the bill foresees a growth in the increase of the Gross domestic product (GDP) which will be 4 %, thanks to the lowering prices of oil and to the weak dollar.
The bill provides that 60 % of the budget will be assigned to the functioning of the state, 25 % for the investments and about 15 % for the debt servicing against 53,91 %, 23,64 % and 22,45 % respectively in 2008.
Related video: MP comments on 2009 budget
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