Parliament:Government Explains Use of 2010 Budget

The Committee on Finance and Budget yesterday, examined the settlement bill for the 2010 financial year.
The total revenue in Cameroon??s State budget for the 2010 financial year stood at FCFA 2, 340, 351, 834, 587 and the total expenditure was FCFA 2,332,470,662,771, registering a budget surplus of FCFA 7, 881,171,816.
This was the budgetary execution situation the Minister of Finance, Essimi Menye, presented yesterday November 14, 2011 at the Committee on Finance and Budget of the National Assembly as he defended the Settlement bill for the 2010 financial year. This was in the

presence of the Minister of Economy, Planning and Regional Development, Louis Paul Motaze, the Minister Delegate at the Presidency in charge of Relations with the Assemblies, Gregoire Owona, among other senior government and National Assembly officials.
In a 20-page document and appendices , the Finance Minister presented the key areas of State revenue for the 2010 financial year, as well as a detailed expenditure line. Government in the explanatory statement to the bill disclosed that the initial budget for the 2010 financial year stood at FCFA 2,270, 000,000,000 but Ordinance n° 2010/1 of 15 September 2010 slashed the budget to FCFA 2,520,000,000,000, representing a reduction of FCFA 49,400,000,000 in absolute terms and 1.92 percent in relative terms. The execution rate of the 2010 State budget was 92.85 percent compared to projections. The expenditure execution rate on its part, government explains stood at 92.54 percent.
Government used FCFA 1,394,752,372,540 on recurrent expenditure, FCFA 527,113,451,264 on public investment and FCFA 376,723,500,546 on public debt servicing. In accordance with the law relating to the financial regime of the State, the settlement bill comprises of the status of implementation of the investment budget by administrative entity and region, situation of special appropriation accounts, financial statements of State as well as changes in appropriation, commitments and payments. It also shows the situation of the bond loan issued by the State during the financial year. The settlement bill of the 2010 financial year paves the way for the tabling and examination of the 2012 finance law being awaited at the National Assembly.
The Committee on Finance and Budget yesterday, examined the settlement bill for the 2010 financial year.The total revenue in Cameroon??s State budget for the 2010 financial year stood at FCFA 2, 340, 351, 834, 587 and the total expenditure was FCFA 2,332,470,662,771, registering a budget surplus of FCFA 7, 881,171,816.This was the budgetary execution situation the Minister of Finance, Essimi Menye, presented yesterday November 14, 2011 at the Committee on Finance and Budget of the National Assembly as he defended the Settlement bill for the 2010 financial year. This was in the presence of the Minister of Economy, Planning and Regional Development, Louis Paul Motaze, the Minister Delegate at the Presidency in charge of Relations with the Assemblies, Gregoire Owona, among other senior government and National Assembly officials.In a 20-page document and appendices , the Finance Minister presented the key areas of State revenue for the 2010 financial year, as well as a detailed expenditure line. Government in the explanatory statement to the bill disclosed that the initial budget for the 2010 financial year stood at FCFA 2,270, 000,000,000 but Ordinance n° 2010/1 of 15 September 2010 slashed the budget to FCFA 2,520,000,000,000, representing a reduction of FCFA 49,400,000,000 in absolute terms and 1.92 percent in relative terms. The execution rate of the 2010 State budget was 92.85 percent compared to projections. The expenditure execution rate on its part, government explains stood at 92.54 percent.Government used FCFA 1,394,752,372,540 on recurrent expenditure, FCFA 527,113,451,264 on public investment and FCFA 376,723,500,546 on public debt servicing. In accordance with the law relating to the financial regime of the State, the settlement bill comprises of the status of implementation of the investment budget by administrative entity and region, situation of special appropriation accounts, financial statements of State as well as changes in appropriation, commitments and payments. It also shows the situation of the bond loan issued by the State during the financial year. The settlement bill of the 2010 financial year paves the way for the tabling and examination of the 2012 finance law being awaited at the National Assembly.

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