In 2024, Cameroon’s public debt increased by 7.8% to CFA14.237 trillion, representing 45.6% of GDP. The rise is attributed to central government borrowing, which surged by 8.7%. The National Sinking Fund (CAA) states that the debt remains under control and aligns with governmental strategies to keep the debt below 50% of GDP by 2026.
Cameroon’s public debt rose by 7.8% in 2024, reaching CFA14.237 trillion, which equates to approximately 45.6% of the nation’s Gross Domestic Product (GDP). This increase can largely be attributed to heightened borrowing by the central government, as detailed in the March 2025 report from the National Sinking Fund (CAA).
Despite the increase, the CAA reports that the debt remains manageable, adhering to the 2024-2026 Medium-Term Debt Strategy established by the government, which aims to keep public debt below 50% of GDP by 2026. This figure remains significantly lower than the regional threshold of 70% of GDP.
Almost entirely, 92.6% of the public debt is attributable to the central government, with public enterprises contributing 7.2%, and local governments constituting a mere 0.08%. Furthermore, central government borrowing witnessed an increase of 8.7% over the past year, indicating heightened budgetary commitments.
In summary, Cameroon’s public debt has seen a notable increase in 2024, primarily due to central government borrowing. However, the debt levels are still considered manageable and strategically aligned with national fiscal policy. As the country aims to maintain public debt below critical thresholds, oversight and responsible fiscal practices will be essential in the coming years.
Original Source: www.businessincameroon.com
