Propsed finance law:

FCFA 4.249 billion as state budget for 2016
The revelation was made by the minister of finance, Alamine Ousmane Mey, in his presentation at the October 2015 cabinet meeting at the Star Building. Excerpts of the MINFI’s presentation 
The state budget for 2016 was drawn up in conformity with Presidential directives contained in the circular dated 13 August 2015 and is based on the following key macroeconomic hypotheses: (i) an undisputed 6% growth of the GDP; (ii) an inflation rate of 3%; (iii) the cost of a barrel of Cameroonian oil at 40.4 dollars (taking into consideration a drop of 3 dollars and a caution of 7 dollars on the global price of 50.4 dollars) and a production of 34.6 million barrels; (iv) an exchange rate of 586.4 FCFA of the dollar; (v) a salary budget deficit (excluding donation) of 4.5% of the GDP; and (vi) a running maximum external deficit of about 4.3% of the GDP.
    On the basis of these elements the 2016 budget is balanced in income and expenditure to the tune of 4 249.8 billion FCFA as against 3 746.6 billion FCFA in the initial 2015 finance law, being an increase of 503.2 billion FCFA in absolute value and of 13.4% in relative value. The non-petroleum income represents 58.1% of the budget.

Budgetary objectives
    The major objective of the 2016 budget is to obtain a growth which is higher and sustainable and which generates employment particularly through the modernization of the production apparatus, the improvement of competition and of the business climate, the improvement of access to financing, and the promotion of the emergence of local industries. The public investment budget will continue to play an essential role to this effect.

PETROLEUM INCOME: 392bn
NON-PETROLEUM INCOME: 2 469.3bn
LOAN PROJECTS: 505.0 bn
DONATIONS: 58.2 bn
PUBLIC TITLE EMISSIONS: 300 bn
RESERVE ON EUROBONDS: 275 bn
RESERVE ON PRIVATISATION: 120bn
    It is worth noting that the level of financing which used to be 783.2 billion FCFA in 2015 knows an increase of 600 billion FCFA in absolute value and of 76.6% in relative value in 2016 because of the emission of Eurobonds and of the renewal of the licenses of mobile telephone operators.
    With respect to the area of expenditure, the breakdown of proposals in the vast majority is as follows:
RUNNING EXPENDITURE: 1 981.2bn
EXPENDITURE IN CAPITAL: 1 525.8bn
PUBLIC DEBT: 742.8bn
    Expenditures in capital which are to the tune of 1 150 billion FCFA in 2015, increase in absolute value by 375.8 billion FCFA and in relative value by 32.7% under the effect of the triennial emergency plan and preparations for the 2016 and 2016 Africa Cups of Nations (AFCON) , for which the amounts envisaged are 275 billion FCFA and 120 billion FCFA respectively. The public investment budget in ordinary internal resources knew a fall of about 100 billion FCFA, thus moving from 622.2 billion FCFA in 2015 to 523 billion FCFA in 2016 for the benefit of the expenditures of PLANUT and AFCON.   
    Meanwhile, concerning the running budget, the expenditures for workers know an increase of 55.2 billion FCFA meant for the care of the new recruits into the public service and defence forces. Conversely, the expenditures for goods and services know a reduction of 48.6 billion FCFA in conformity with the President of the Republic’s esteemed directives on the reduction of lifestyle of the state.
    Also, in a context marked by the maintenance of low trends in the cost of oil across the globe, the subvention of 201.3bn FCFA for SONARA was cancelled in 2016.