The Minister of Finance Louis Paul Motaze presented the 2025 budget bill to CPDM parliamentry group on Monday, outlining the government’s economic plans for the coming year.
The budget, which totals 7,317.7 billion CFA francs, is a 0.5% increase from the 2024 budget.
According to the minister, the budget is designed to promote economic growth and development, with a focus on key sectors such as agriculture, education, and infrastructure development.
The government has allocated significant funds to support the development of these sectors, including 1,650.2 billion CFA francs for capital expenditure.
The budget also includes measures to support the development of small and medium-sized enterprises (SMEs), which are critical to the country’s economic growth.
The government has projected economic growth of 4.1% in 2025, driven by the non-oil sector. Inflation is projected at 4%.
The budget deficit is expected to stand at 107.8 billion CFA francs, which will be financed through a combination of domestic and foreign borrowing.
The minister also announced several new tax measures, including an increase in the rate of money transfer tax from 0.2% to 1% and the institution of a symbolic levy on money transfers of 4 CFA francs.
The budget bill is expected to be debated by parliament in the coming weeks, with a vote expected before the end of the session.
The government has expressed confidence that the budget will be adopted, citing the support of parliamentary groups in both chambers.
The 2025 budget is seen as critical to Cameroon’s economic development, and its adoption is expected to have a significant impact on the country’s economic growth.
Jude Viban
