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Capital expenditures dropped by 26.7% YoY to XAF425 bln in H1-2020

Capital expenditures dropped by 26.7% YoY to XAF425 bln in H1-2020

Paru le jeudi, 15 octobre 2020 17:36

In H1-2020, Cameroon’s capital expenditures amounted to XAF424.9 billion, according to the budget implementation report published by the Ministry of Finance. Compared with the XAF579.8 billion recorded in H1-2019, this represents a decrease of XAF154.9 billion (26.7%) between the two periods.

Compared to the annual forecast of XAF1,263.4 billion, this expenditure shows an execution rate of 33.6%. In detail, Capital expenditures funded by the government’s resources amounted to XAF189.3 billion during the period, down by XAF34.4 billion (-15.4%) year-over-year. Compared to the forecast for the year, their execution rate is 34.3%.

The capital expenditure funded by external financing amounted to XAF219.4 billion at the end of June 2020, down by XAF123.5 billion (-36%) year-over-year. Compared to the XAF684 billion forecasted in the amended budget law, their execution rate is 32.1%.

Sylvain Andzongo

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