The Cameroonian government has presented its finance bill for the year 2026 to the National Assembly, targeting total revenue and spending of CFA 8,816.4 billion. This marks an increase of over CFA 1,000 billion compared to the 2025 budget, which reflects a 14% growth. The overall general budget stands at CFA 8,683.9 billion, showcasing a raised allocation of CFA 1,014.9 billion or 13% from the previous year. Additionally, Special Appropriation Accounts are projected to reach CFA 132.5 billion, nearly doubling the last year’s figures. This significant rise is largely attributed to the establishment of a new Special Fund aimed at Women’s Economic Empowerment and Youth Employment, backed by a commitment of CFA 50 billion from the state’s budget.
However, the draft bill also indicates a financing gap, estimating a deficit of CFA 631 billion. When accounting for various financing needs, the total requirement is projected at CFA 3,104.2 billion. Internal revenue is anticipated to generate CFA 5,887 billion, leaving the government to source the balance through different borrowing methods. The financing strategy includes CFA 826.7 billion in project loan disbursements, CFA 1,000 billion through external borrowing, and further allocations for exceptional financing and budget support.
The government’s reliance on borrowing comes amid concerns about high debt levels, as flagged by the African Development Bank and the IMF. Nevertheless, officials assert that the projected debt for 2026 will remain below the Cemac limit of 70% of GDP, despite the ongoing challenges.
The 2026 budget is positioned as a vital tool for enhancing public finances while aligning with broader development objectives. The government emphasizes its commitment to maintaining fiscal policies in accordance with the Cemac convergence pact and the National Development Strategy 2020–2030 (SND30). The real challenge lies in the execution of these plans, specifically in sustainably raising the necessary funds, managing existing debt, and ensuring that allocations for women’s and youth initiatives translate into tangible economic benefits. The success of these efforts will be crucial in establishing the credibility of the government’s financial strategies.