Cameroun 2027-2029 budget priorities set by cabinet

The Prime Minister Joseph Dion Ngute led a pivotal Cabinet meeting on June 26, 2026, to finalize the 2027-2029 national budgets. With three fiscal years consolidated into one session, the decisions made will shape Cameroon’s economic trajectory for the next four years. Growth projections stand at 3.5% for 2026, with public debt capped below 50% of GDP, and negotiations underway for a new IMF program.

Key economic guidelines adopted

The Deputy Minister of Finance outlined the macroeconomic landscape, highlighting persistent global fragility due to the 2026 Middle East conflict. While global growth is expected to dip from 3.4% in 2025 to 3.1% in 2026 before recovering slightly to 3.2% in 2027, Cameroon is projected to maintain robust growth of 3.5% in 2026 and 3.7% in 2027, alongside a steady decline in inflation.

The budgetary discipline reflects strong IMF influence, with the 2027-2029 framework designed to align with a new economic program. Core objectives include keeping public debt below 50% of GDP by boosting non-oil domestic revenue and optimizing public spending.

The Minister of Economy, Planning, and Territorial Development presented the Priority Investment Program for 2027-2029, targeting critical sectors such as digital infrastructure, roads, railways, energy, water resources, agriculture, and industry. Accelerating digital infrastructure deployment and enhancing electricity supply emerged as top priorities.

Implications for Cameroonians

On the social front, efforts will focus on expanding universal health coverage to marginalized groups. The Special Fund for Women’s Economic Empowerment and Youth Employment will also see accelerated implementation. These commitments, though frequently reiterated, now carry formal weight through the newly adopted Economic and Budgetary Programming Document for 2027-2029, which will be submitted to Parliament for review.

The document, though procedural, imposes binding constraints on ministries. The Prime Minister instructed the Finance Minister to finalize it promptly, in close coordination with the Economy Minister. Public project performance contracts are set to become standard practice across government agencies.

The meeting concluded at 12:10 PM.