Cameroon’s public debt grew by 7.8% in 2024, totaling CFA14.237 trillion, approximately 45.6% of GDP. This increase is mainly due to government borrowing. The National Sinking Fund notes that the debt remains manageable, adhering to the country’s debt strategy, keeping it below 50% of GDP by 2026, well under the regional limit of 70%.
In 2024, Cameroon observed a public debt increase of 7.8%, reaching CFA14.237 trillion, which constitutes approximately 45.6% of the nation’s GDP. The National Sinking Fund (CAA) released a report in March 2025, attributing this rise primarily to enhanced borrowing by the central government.
Despite this debt increase, the CAA asserts that it remains manageable and consistent with Cameroon’s 2024-2026 Medium-Term Debt Strategy. This strategy aims to maintain the debt level below 50% of GDP by the year 2026, which is significantly lower than the regional cap of 70%.
A major portion of the public debt, accounting for 92.6%, is attributed to the central government, while public enterprises represent 7.2%, and local governments contribute a mere 0.08%. The report highlights a notable 8.7% surge in borrowing by the central government over the past year, indicating increased budgetary commitments.
In summary, Cameroon’s public debt increased significantly due to central government borrowing, now representing a considerable portion of its GDP. While the rise is noteworthy, it continues to adhere to the established Medium-Term Debt Strategy aimed at maintaining fiscal stability. The predominant source of this debt remains from the central government, illustrating the financial pressure associated with budgetary commitments.
Original Source: www.businessincameroon.com
