Finance Minister- Louis Paul Motaze
The Minister of Finance, Louis Paul Motaze has debunked rumours of an imminent Increment in the prices of fuel in the 2025 draft budget.
The Minister stated after defending the second part of the Finance bill that there were no plans of government to increase the pump prices in Cameroon.
He says the government's idea to reduce the allocations for fuel subsidy is due to the drop in the prices of fuel in the world market which is almost the prices of fuel currently sold in Cameroon.
Cameroon has budgeted 15 billion for fuel subsidy in 2025.
The outing of the Minister of Finance comes a day after the last set of Ministers defended their budgetary allocations before the committee on Finance and Budget of the National Assembly under the chairmanship of Hon Rosette Ayayi.
These are the budgetary allocations of the 13 Ministers received at the National Assembly on Thursday 5th December 2024.
Defense Minister- Joseph Beti Assomo
. The Minister of Defense, budget defended : 364 billion 860 Millions Fcfa.
Women's Empowerment Minister- Marie Therese Abena Ondoa
. The Minister of Women's Empowerment and the Family, budget defended: 10 billion 782 Millions Fcfa.
Social Affairs Minister
. The Minister of Social Affairs, budget defended : 25 billion 325 Millions Fcfa.
Employment Minister- Issa Tchiroma Bakari
. The Minister of Employment And Vocational Training, budget defended : 33 billion 120 Million Fcfa
Arts and Culture Minister- Bidoung Mkpatt
. The Minister of Arts and Culture, budget defended : 9 billion 429 million Fcfa
Mouelle Kombi- Minister of Sports
. The Minister of Sports and Physical Education, budget defended: 31 billions 086 Million Fcfa
Monouna Fotso of Youth Affairs
. The Minister of Youth Affairs and Civic Education, budget defended : 30 billion 007 million Fcfa
Jean Ernest Massena Ngalle Bibehe of Transport
. The Minister of Transport, budget defended : 57 billion 056 million Fcfa
Dr Manouda Malachie of Public Health
. The Minister of Public Health, budget defended: 297 billion 199 Million FCFA
Henri Eyebe Ayisi of State Property
. The Minister of State Property, Survey and Land Tenure, budget defended: 25 billion 168 Million Fcfa .
Gabriel Mbairobe of Agriculture
. The Minister of Agriculture and Rural Development, budget defended: 106 billion 574 Million Fcfa .
Fuh Calistus Gentry of Mines
. The Minister of Mines, Industry and Technological Development, budget defended: 13 billion 154 Million Fcfa.
A plenary setting to debate the 2025 Finance bill has been slated for Sunday 8th December 2024.
By
Ndi Tsembom Elvis
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