Cameroon and France initiate 2027 budget preparations

In Cameroon, President Paul Biya has signed the preparatory circular for the 2027 state budget. The strategic document emphasizes economic rigor, aiming for 3.6% growth, 3.2% inflation, and a budget deficit of 2.7% of GDP. Key directives include prioritizing local goods and services in public procurement to stimulate national production and a mandate to complete existing infrastructure projects in transport, energy, and water before launching new ones.

However, the circular has faced criticism regarding its timing, with observers noting it was signed significantly later than the legally required June deadline. Additionally, the document does not explicitly mention the scheduling or funding for the upcoming 2027 legislative and municipal elections, leading to political speculation.

In France, the government has opened parliamentary debates for the 2027 budget. Economy Minister Roland Lescure has stated a commitment to a compromise with opposition parties, provided the deficit is capped at 5% of GDP. The proposed budget includes 43 billion euros in new measures aimed at restoring public accounts through spending controls and the rationalization of tax niches, rather than generalized tax increases.