Cameroon’s Fiscal Revenue Rose an Annual 10.4% in Third Quarter

Cameroon’s fiscal revenue increased 10.4 percent in the third quarter from a year earlier, the Ministry of Finance said.

Revenue swelled to 1.62 trillion CFA francs ($3.3 billion), the ministry said in a report handed to reporters in the capital, Yaounde, today. The government had forecast revenue of 1.79 trillion CFA Francs, the report said.

Non-oil revenue was little changed at 1.04 trillion CFA francs, while receipts from oil slid 2.4 percent to 340.3 billion CFA francs. Other revenue sources tripled to 236.5 billion CFA francs, the ministry said, without giving details.

Government spending increased 17 percent to 1.7 trillion CFA francs over the same period, according to the report.

To contact the reporter on this story: Pius Lukong in Yaounde via Accra at ebowers1@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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