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Infos Business of Saturday, 21 February 2015

Source: Les Afriques

Public spending increased by 22% in 2014

Due to insecurity caused by Boko Haram attacks in the region of the far north of Cameroon and preventive measures against the disease of Ebola, public expenditure in Cameroon increased from 21.9% in 2013 to 22.7% in 2014, reported a study by the World Bank.

Despite the persistent sluggishness of the world economy accentuated by the decline in oil prices, the 5.3% of gross domestic product (GDP) growth rate experienced by Cameroon in 2014 is a sign of an "appreciable result even if there are some countries that grow faster than Cameroon", according to the World Bank for Central Africa.

And after figures announced by Finance Minister Alamine Ousmane Mey, the country ended the year with a collection of customs revenue of 700.8 billion CFA francs, about $ 1.4 billion, largely above the 636 billion francs, with about $ 1.2 billion as target set at the beginning of fiscal year.