ÔCamer.com
    Facebook Twitter Instagram
    ÔCamer.comÔCamer.com
    Facebook Twitter Instagram
    • News
    • Politics
    • Economy
    • ShowBiz
    • Sports
    • Français
    ÔCamer.com
    Economy

    Élisée Yonta: "the 2022 budget will not revive Cameroon's economy"

    Rachel MBy Rachel M18 December 20212 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    In a forum, the analyst and financial economist calls on the state to start doing the economy itself again instead of doing economic austerity.

    Analyst and economist Élisée Yonta says the state budget is not working because of two main reasons. "In Cameroon, the finance law is not considered at all as a document that details the state's strategy to boost the national economy. In Cameroon, the Finance Act is considered a document that sets the framework for the collection and accounting of State revenues, as well as the consumption or distribution of revenues. " he said in a forum.

    According to him, Cameroon must return to fiscal orthodoxy by starting to do economy again instead of economic austerity. He also compares Cameroon's finance law to a "catalog of "La Redoute" where we come to look at the novelties which are in fact "the new taxes and duties created each year" as well as the new niches of "mangement" for civil servants".

    For Élisée Yonta, the Cameroonian state must rely on monetary policy and fiscal policy to develop its economy. "Monetary policy is steered by the central bank, which modulates interest rates and injects liquidity into the economic circuit to boost investment via credit (…). Fiscal policy is steered by the government, which uses public spending to build infrastructure, develop industrial or agricultural production (…)to boost the local economy."

    Share this:

    • Twitter
    • Facebook
    • WhatsApp

    Articles similaires

    Rachel M
    • Website
    • Tumblr

    Related Posts

    Semi-final /BAL 2022: FAP fails against Petro de Luanda

    26 May 2022

    CHAN wrestling: Cameroon wins two gold medals

    25 May 2022

    Northwest: Prison official and three collaborators killed by separatists

    12 April 2022
    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    ARTICLES RECENTS

    Semi-final /BAL 2022: FAP fails against Petro de Luanda

    26 May 2022

    CHAN wrestling: Cameroon wins two gold medals

    25 May 2022

    Northwest: Prison official and three collaborators killed by separatists

    12 April 2022

    Social security: a special scheme for footballers in the making

    12 April 2022
    PUBLICITÉ
    © 2022 OCamer.com. All rights reserved

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version