Cameroon is reported to need a total of about FCFA 560 billion to pay domestic debts during the 2018 fiscal year, Business Cameroon reports.
The figures were gotten from the Autonomous Amortization Fund which acts as the country’s debt management fund.
It is speculated that the government may want to generate the needed sum through tax and custom revenue or by obtaining certain bank loans.
The body’s president has however promised to do all in his power to make sure this money is raised.
Meanwhile Cameroon’s government had also taken some measures to ensure a better implementation of its budget in July 2017.
These measures were aimed at improving non-oil tax revenues, budgetary regulation and public spending efficiency.
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