(Business in Cameroon) – Cameroon plans to keep its debt level at no more than 50% of its GDP between 2025 and 2027. This goal is outlined in the Medium-Term Economic and Budgetary Programming Document for 2025-2027, prepared by the Ministry of Finance. According to the paper, the country aims to limit new debt to no more than 10% of GDP over the next three years.
As of June 2024, Cameroon’s central government debt already stands at 40.4% of GDP, according to data from the sinking fund (CAA). The government’s cautious approach to borrowing is driven by a desire to avoid falling into a cycle of excessive debt. The report notes that an analysis of debt sustainability at the end of 2023 shows that while Cameroon’s public debt remains manageable, there is a high risk of over-indebtedness. This risk is attributed to weak budget revenues and exports.
Despite these concerns, if Cameroon sticks to its 2027 goals, it is expected to maintain its debt below 70% of GDP. This threshold aligns with the maximum limit allowed in the Cemac zone.
