In June, Cameroon's government raised the 2024 budgeted expenditure by 8.0% and revenue by 0.9%. A steady flow of foreign investment in H1 2024 and new loans in Q3 2024 would help local authorities achieve expenditure targets in the current fiscal year (January to December). Higher public spending could stimulate business activity, as the state is keen to invest in new roads and railways and support projects in the agricultural, industrial, and energy sectors.
Cameroon: Debt-fuelled public spending to stimulate economic activity