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Local development council FEICOM raised XAF108.678 bln for territorial collectivities in 2020

Local development council FEICOM raised XAF108.678 bln for territorial collectivities in 2020

Paru le mercredi, 02 juin 2021 16:57

Local development council FEICOM (Special Council Support Fund For Mutual Assistance) raised XAF108.678 billion for the 14 urban communities and 360 communes in Cameroon in 2020, according to the minute of the executive board’s meeting.

These inter-municipal resource equalization, also known as additional communal cents (CAC), are up by 27.89% compared with the CAC provided by the FEICOM in 2019.

Philippe Camille Akoa (photo), general director of the FEICOM, explains that the CAC is distributed based on the demography of the various communes. The most populous communes with higher demands from the population receive higher CAC, he added.

Per the laws governing the distribution of the CAC, 10% of that resource is paid to the State as tax collection fees, 20% to the FEICOM for its operations and investments and the remaining 70% is distributed to communes.

The minute further informs that in 2020, FEICOM also provided XAF26.7 billion to fund 136 projects in 105 decentralized territorial units. This envelope is substantially higher than the XAF10.5 billion disbursed to fund 106 projects in 92 decentralized territorial units.

According to the executive board, the good performance recorded demonstrates the smooth operations of the FEICOM despite the coronavirus pandemic and its economic impacts.

D.M.

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Après l'avoir annoncé, Sosthene ABEGA met au point un four à gaz Made in Cameroun

 

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