Interview with Mr. Moh Sylvester, Director General of the DGTCFM: « The State of Cameroon made a payment of more than 1,266 billion CFA francs in 2018 for budget arrears »

According to the DGT, the State of Cameroon paid CFAF 1,266.915 billion in 2018 for budget arrears.

This amount represents about a quarter of the outstanding balance, because the Centre d’analyse et de recherche sur les politiques économiques et sociales (Camercap), the Cameroonian government’s think tank, had already noted that the State of Cameroon had reached the 6,000 billion CFA franc mark in 2017, with regard to arrears in budgetary and non-budgetary expenditure. These arrears are known as « remains to be paid ».

The DGT’s comment: » The provisional situation of the State’s budgetary remains to be paid and of the decentralized territorial authorities at 31 December 2018 remains manageable. « 

For the 2019 financial year, the DGT’s plan is to continue with the reorganisation of the treasury payment authorities, which remains the main challenge to be met in the context of cash management.

 » Ongoing actions will significantly reduce the volume of outstanding balances, and will lead to a zero stock at term« , explains the Treasury.

The Treasury Directorate General (DGT), headed by Moh Tangongho Sylvester, has just published a note providing information on some of Cameroon’s financial commitments during the 2018 financial year that has just ended.