Search

Cameroon’s $876 Million Supplementary Budget Faces Harsh Criticism

Allen dreyfus Logo
© Allen Dreyfus
  • President Biya signs ordinance for supplementary budget, sparking widespread backlash
  • Critics decry increased taxes and borrowing as burdensome and out of touch with citizens’ realities

 

Yaoundé, Cameroon – Cameroon’s President Paul Biya, signed last week an ordinance to institute a 538 billion CFA francs ($876.4 million) supplementary budget. This move, which plans to increase taxes and contract more foreign loans, has attracted widespread criticism from opposition lawmakers, politicians, and social commentators.

Recent Business

French President Emmanuel Macron in Africa recently. Photo @Emmanuel Macron/Facebook
Will France’s €23bn Africa pledge finally deliver beyond summit diplomacy?
Read More »
Local market scene in Monrovia, Liberia. Photo by B. Aristotlè Guweh Jr @ Pexels
Nigeria’s inflation reversal exposes fragile recovery amid deepening global energy pressures
Read More »
Dr Cassiel Ato Forson, Ghana's Minister of Finance. Photo @ Ghana Parliament/Facebook
Has Ghana finally escaped IMF dependency after years of economic trauma?
Read More »

Recent Politics

French President Emmanuel Macron in Africa recently. Photo @Emmanuel Macron/Facebook
Will France’s €23bn Africa pledge finally deliver beyond summit diplomacy?
Read More »
Uganda opposition leader Robert Kyagulanyi, alias Bobi Wine. Photo: National Unity Platform/Facebook
What shapes the politics of Bobi Wine, Uganda’s “Ghetto President”
Read More »
South Africa President Cyril Ramaphosa hosts the G20 Summit. Photo: G20 Summit Flickr
Why South Africans are far less tolerant of migrants than before
Read More »

Latest Posts

Latest news insights