As of December 31, 2008, the excellent public debt was 1,379 billion FCFA. 16 years later, this indicator elevated by virtually 1,000% to face at 12,714 billion FCFA as of March 31, 2024, in keeping with knowledge from the Autonomous Amortization Fund (CAA). Calculator in hand, because of this in the course of the interval beneath overview, the unpaid debt of the State of Cameroon elevated by 11,335 billion FCFA in whole worth. If such figures can take advantage of knowledgeable Cameroonians dizzy, this state company accountable for the administration of public debt ensures that the scenario is way from as scary because the one in 1996, the a day after the FCFA devaluation, the place public debt reached 126% of GDP. In response to the CAA, Cameroon’s State debt, which represents 42.9% of GDP on March 31, 2024, stays largely secure.
Nationwide Debt Technique
In a latest apart by the nationwide financial media, the Self-Governing Amortization Fund identified that this main enhance within the State’s debt recorded in virtually twenty years was in response to important financing wants, which crucial for the compilation of initiatives contained in a number of data paperwork such because the Dsce. (Technique Doc for Development and Employment) and the SND30 (Nationwide Improvement Technique-Cameroon 2030). Cameroon additionally plans to extend its debt over the following 3 years to proceed the implementation of Snd 30 (at an estimated price of just about 40,000 billion FCFA), which in keeping with the federal government ought to enable us have to be met in 2035.
To do that, the nationwide debt technique developed with the help of the Ministry of the Economic system, Planning and Regional Improvement signifies that, for the interval 2024-2026, it’s estimated that the debt requirement at 5,578 billion FCFA, together with 1,723 billion FCFA for the yr 2024. , or 5.5% of GDP. In response to this plan, the 1,723 billion FCFA of financing that can be seized in 2024 can be transferred via the consolidation of 1,041 billion FCFA of exterior loans (ie 60%), together with 907 billion FCFA of challenge loans and 134 billion FCFA in finances help, and 681 billion FCFA in home borrowing (ie 40%), together with 450 billion FCFA in excellent monetary bonds and BTAs of 231 billion FCFA on the finish of 2024.
