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Cameroon: Ministry of Economy makes public Cam' 2015 Log Book

 NFOR Hanson Nchanji

Cameroon ministry of economy, planning and regional development has made public the 2015 project log book earlier than expected. Many were anticipating that President Biya’s sleeping cabinet would release the log book late. However, a wakeup call from their boss in his previous speeches gave them a warning.  The project log book published online covers the entire nation and enumerates the distribution of public investment budget.

In addition to the security and health considerations, consolidating and strengthening the performance culture of Cameroon's Public Administration is the main priority for this year. This year’s Public Investment Budget, PIB, has an overall budget of 1 150 billion, against 1,000 billion in 2014, an increase of 15%. Also, the 2015 PIB is 30, 7% of the State budget, against 30.2% in 2014, an increase of 0.5 points.

This increase according to the Ministry of Economy is to show government's willingness to implement the decentralization policy by allocating resources mainly foe the local citizens. The PIB focuses mainly on infrastructure sectors, production, education and health, which record 41%, 23%, 19.6% and 12.3% of the overall amount transferred respectively.

 


 

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Cameroon Concord  is an online publication covering and reporting on  local and world news, sports, entertainment, politics, business, and religious news. Serving Cameroonians .

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