Economy

Public Investment Projects: Gov’t allocates over 100 billion FCFA to Littoral Region in 2025.

by Fru William
24 Jan 2025 15:47
views

File photo of the city of Douala

The Littoral Region is set to experience a significant boost in its development efforts, following a substantial budget allocation of 102,067,900,000 FCFA by government for the 2025 fiscal year.
The budget which has witnessed a considerable increase from that of the previous financial year, was officially presented in Douala on Wednesday January 15.

This was during a ceremony chaired by the Secretary General at the Littoral Governor’s Office, Aboubakary Haman Tchiouto.

Speaking during the budget presentation in the presence of regional and local authorities as well as government partners, the scribe of the Governor’s Office stated that: “The efficient execution of this budget is crucial, and all administrations must ensure consistency between expenditure and revenue collection, adhere to budgetary deadlines, and limit the use of exceptional procedures”.

The key priorities for the Littoral Region in 2025 include reducing common expenses, promoting non-polluting sectors, amongst others.

The initiatives aim to minimise unnecessary spending, encourage financial self-reliance among administrations, and promote economic diversification and sustainable development.

The Head of the Forecasting Division at the Ministry of Finance, Gabriel Ngakoumda, highlighted the priorities, noting that the budget seeks to attain sustainable developmental goals in diverse sectors, including infrastructure, health, and social services, as he addressed other administrative authorities and press men and women.

With the 2024 budget, which totaled 19,004,276,535 FCFA, that of 2025 sees an unprecedented increase. The 2024 budget execution rates were impressive, with a 98% execution rate for commitments and a 90% execution rate for orders.

It is worth recalling that the Littoral Region’s budget for 2025 is part of Cameroon’s overall economic plan, which includes a projected budget of 7,317.7 billion FCFA, as announced by the Prime Minister, Joseph Dion Ngute.

The government aims to promote economic growth, reduce inflation, and encourage sustainable development, with a focus on non-polluting sectors and economic diversification.

As the region moves forward with its budget execution, it is expected to make concrete strides in achieving its developmental goals and promoting economic growth and sustainability.

According to experts, the government’s emphasis on promoting non-polluting sectors and economic diversification is seen as a step in the right direction, as it will help reduce the country’s dependence on oil and promote sustainable development.

This article was first published in The Guardian Post Edition No:3345 of Tuesday January 21, 2025