State Budget For 2020:Gov’t Accelerates Preparation

The cabinet meeting of July 3, 2019 chaired by the Prime Minister, Head of Government, Chief Dr Joseph Dion Ngute focused on preparations of the 2020 State budget with key guidelines, orientations and priorities presented to the cabinet. The Minister of Finance, Louis Paul Motaze did a presentation on the theme, “The profile of the 2020 Finance Law, in prelude to the Budgetary Orientation Debate (BOD)” that will take place in Parliament. He said the BOD introduced into the budgetary process has to be organized mid-year. “Through the Budgetary Orientation Debate, Parliament and even the entire government will now intervene upstream to better contribute to the definition of the macroeconomic and budgetary framework. They will thus be led to appropriate macroeconomic assumptions underlying the draft budget in preparation and the Parliament will give its unction to the government’s budgetary choices,” Minister Motaze said. The BOD, he said, has the ultimate purpose to create conditions for the adoption of finance laws that permanently guarantee macroeconomic stability and consequently, overall economic equilibrium. The profile of the 2020 Finance law the Minister presented which will be the basic document for the Budgetary Orientation Debate, serves as a reference framework for the drafting of the 2020 Finance Law and defines the main orientations, which include the level of expected revenue, the projected expenditure and the resulting budgetary balances, on the basis of the evolution of the national and international economic situation. The Minister presented the budgetary outlook for the 2020-2022 triennium with specific concern being the identification of new challenges and setting of the policy priorities that will guide government action.

Public Investment Budget

The Minister of the Economy, Planning and Regional Development, Alamine Ousmane Mey did a presentation on the theme, “Outlines of the 2020 Public Investment Budget.&rdqu...