Afrique
2024 budget: Cameroon seeks to curtail reliance on oil revenue
Cameron’s Minister of Finance, Louis Paul Motaze, has said the government will be diversifying its revenue sources in 2024 to reduce the country’s heavy reliance on oil revenue.
The measure comes amid a projected drop in oil prices on the international market.
Oil prices are deemed to fall from 77.98 dollars per barrel in 2023 to 68.9 dollars per barrel
in 2024.
This drop would shrink the Cameroon Government’s income for 2024, as crude oil sale remains one of the largest income sources for the country.
“It will be very difficult if you rely only on oil revenue,” Minister Motaze told CRTV.
“We think that the revenue coming from the taxation department is more important than all revenues.”
According to the National Hydrocarbons Corporation (SNH), oil alone generated FCFA 955.5 billion to the government in 2022.
This year, oil and gas generated FCFA 351.2 billion for the state between January and June.
Diversifying the country’s revenue from oil will mean a possible increase in taxation revenue, Minister Motaze said.
He presented the country’s 2024 draft budget during a cabinet meeting chaired by Prime Minister Joseph Dion Ngute in Yaounde this week.
Based on the draft, the 2024 budget will witness a slight increase.
The 2023 budget stood at FCFA 6,345.1 billion, but a presidential order of June 2 raised the budget to FCFA 6,726.9 billion.
It will see a further increase in 2024. However the government will have to invent creative sources of revenue if it must curtail reliance on oil revenue.
Next year, the government will slightly increase the budget and will be tackling huge projects.
The Minister of the Economy, Planning and Regional Development, Alamine Ausmane Mey, said the government will focus on projects contained in the National Development Strategy (NDS30) 2020-2030.
It will also prioritize the reconstruction of the crisis-hit English-speaking Regions and the Far North regions.
The focus will also be on curtailing imports and empowering the local manufacturing industry as part of the import substitution policy.
In about two weeks, the Parliament will meet for its last ordinary session for the year.
The session will be geared at examining and voting on the 2024 budget draft budget.
At the Parliamentary session, Cabinet Ministers will be called up to defend their proposed budgets.
Mimi Mefo Info
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Selon plusieurs sources, Yannick Bekemen aurait été empoisonné par un de ses collègues qui lui aurait servi un mets jeudi dernier dans leur lieu de service.
L’affaire donne des frissons. Selon plusieurs sources, le jeune Yannick Bekemen employé dans la société INTERTIS à Bastos, quartier huppé de la capitale est mort après avoir été empoisonné par un de ses collègues. Les faits se déroulent jeudi dernier. Selon nos sources, Yannick Bekemen aurait annoncé la veille à ses collègues qu’il a obtenu son visa pour le Canada. C’est ainsi qu’arrivé au lieu de travail le lendemain, c’est-à-dire jeudi, « un de ses collègues le nommé MOSES a apporté un thermos contenant l’Okok avec du manioc proposant de manger ce mets entre collègues. Mets qu’il avait commandé au restaurant de leur lieu de service », raconte un proche de la victime.
De retour chez lui à 19h Yannick se sent mal et son cas s’aggrave à 3 h du matin: vomissements et diarrhées. Voyant son cas s’aggraver, Yannick aurait selon ses proches déclaré de vive voix que: « Ekié c’est toujours pour le voyage ci qu’on veut me finir ? »
Mais au petit matin, la situation s’est aggravé, conduit de toute urgence à l’hôpital JAMOT, le pauvre ne va succomber à sa maladie.
Plusieurs jeunes ont été empoisonné au Cameroun dans des circonstances troubles. En septembre dernier, Larissa, une jeune mariée, avait été empoisonné lors de son propre mariage.
Selon nos sources fiables chez Culture Ébène, elle avait perdu sa vie après avoir consommé un simple verre de jus. Louis, son époux fraîchement marié, de nationalité française, est subitement devenu veuf quelques minutes après avoir prononcé ses vœux.
Le Cameroun a été témoin de plusieurs cas d’empoisonnement ces dernières années, motivés par la jalousie ou la vengeance. En 2022, une autre histoire a bouleversé le cœur des Camerounais. Au quartier MVOG – BETI de Yaoundé, une jeune femme a été empoisonnée par sa propre amie après avoir partagé un repas traditionnel. Le plat, le fameux « mbongo tchobi », une délicatesse bassa, est devenu la scène d’un drame inattendu. L’empoisonneuse présumée, ayant laissé derrière elle des indices révélateurs, fut rapidement appréhendée par les forces de l’ordre.
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This Parisian debut for Kameni is orchestrated by Mastatik Records, led by founder Yannick Marandat, who exudes confidence in the concert’s success. Marandat states, “Kameni is a fantastic artist with a unique voice and style. I’m sure that the Parisian audience will be blown away by her performance.”
Kameni’s musical signature encompasses a fusion of traditional Cameroonian rhythms and contemporary Afrobeat sounds. Her poignant lyrics often delve into themes of love, loss, and societal matters. Praised for her powerful vocals and an uncanny ability to connect with her audience, Kameni stands out in the global music scene.
Unlike the usual controversies that arise in Cameroon when foreign artists perform, Kameni’s Paris concert has faced no opposition from French artists. This event is poised to be a remarkable occasion, offering Kameni the platform to introduce her music to a new audience and promote Cameroonian culture. It serves as a poignant reminder of music’s profound ability to unite individuals from diverse backgrounds.
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While Arsenal fans revel in the victory, attention shifts to Sunday’s fixtures featuring contenders like Manchester City, Liverpool, and Aston Villa. Arsenal’s upcoming clash against Luton Town awaits on Tuesday. Simultaneously, Wolves aim to rebound from consecutive defeats as they host Burnley in three days’ time.
Historical statistics underscore Arsenal’s dominance, maintaining a scoring streak against Wolves and reaching their 100th goal of 2023 through Saka’s opener. Meanwhile, in a separate encounter, Newcastle United delivered a stellar performance to secure a memorable 1-0 victory over Manchester United.
Anthony Gordon’s second-half tap-in proved decisive for Newcastle, securing three well-deserved points. The win propelled Newcastle above Tottenham on goal difference, securing fifth place in the Premier League table. Manchester United continued to struggle away against top-eight teams, with their last such win dating back to October 2021.
Newcastle’s remarkable run against Manchester United extended, with three consecutive victories in all competitions, a feat not achieved since January 1922. The Magpies have been formidable at home, winning seven out of eight Premier League games and boasting the most home clean sheets this season. Despite a strangely poor performance, Erik ten Hag’s team narrowly escaped St James’ Park with a 1-0 defeat, as Trippier’s free-kick rattled the underside of the bar in the first half.
Mimi Mefo Info
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