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The Cameroonian Parliament convened in budget session on November 14th

The budget session of the Cameroon Parliament, specifically devoted to the examination and vote of the state budget for the year 2018, will begin on November 14, 2017, in Yaounde, the capital, announced the President of the National Assembly, Cavaye Yeguié Djibril.

According to the first indiscretions drawn from very good sources, the 2018 Finance Bill, which will be submitted to parliamentarians for approval, is based on an overall budget of CFAF 4,513 billion.

This forecast pool is up 140 billion CFA francs, compared to the budget envelope of 4 373 billion CFA francs of the current year.

The State of Cameroon’s budget for 2018, the IMF announced in a recent report, should also be characterized by a broadening of the tax base and the reform of certain taxes, for purposes of more effective recovery.

This is particularly the case of the property tax, which the government now proposes to couple to the monthly payment of electricity bills.

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