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.

You need an active subscription to continue reading this article.

Recent Business

Allen dreyfus Logo
Elombi steps into Afreximbank leadership amid mounting regional debt pressure
Read More »
Breaking News
Senegal exceeds debt auction target with $403m raise
Read More »
Breaking News
Ghana secures $360m World Bank backing ahead of eurobond payment
Read More »

Recent Politics

Allen dreyfus Logo
Elombi steps into Afreximbank leadership amid mounting regional debt pressure
Read More »
edouard-tamba-oTrwlvPvpVo-unsplash
Northern defections rattle Biya’s rule ahead of Cameroon’s October election
Read More »
bernd-dittrich-yfQfmji31fY-unsplash
Afreximbank warns of trade risks and openings as global fault lines shift
Read More »

Latest Posts

Latest news insights