Senate Scrutinises 2017 Finance Bill

It was tabled in the plenary on December 3, 2016 after being adopted in the National National Assembly.

 

The 2017 Finance Bill of the Republic of Cameroon is under examination at the Senate. The bill, which presents a draft budget balanced in revenue and expenditure at FCFA 4, 373.8 billion as against FCFA 4, 234. 7 billion in 2016, was forwarded to the Senate on Saturday December 3, 2016 by the National Assembly where it was earlier adopted. The President of the Senate, Marcel Niat Njifenji, chaired the Chairmen’s Conference where the bill was declared admissible before being tabled in a plenary he presided minutes later. Senate President referred the Finance bill to the Committee on Finance and Budget where Cabinet Ministers have started defending their different allocations.

Meanwhile, the Senate in the night of Thursday December 1, 2016 adopted three bills during a plenary that was chaired by the President, Marcel Niat Njifenji. They included the bill to fix the minimum registered capital and conditions for using notaries public in the establishment of limited liability companies in Cameroon, the bill to lay down general weapons and ammunition regulations in Cameroon and the one to authorize the President of the Republic to ratify the agreement between Canada and the Republic of Cameroon for the promotion and protection of investments, signed in Toronto, Canada, on March 3, 2014.

 

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