By Doh James Sonkey
The first session of the National Committee on the Follow Up of Public Investment Physical and Financial Execution for the 2023 Financial Year took place last October 5, 2023 at Amphi 300 of the Ministry of the Economy, Planning and Regional Development in Yaounde. Chairing the session, Hon Moutymbo Rosette Ayayi who doubles as Chair of the Finance and Budget Commission at the National Assembly revealed that the rate of implementation of the public investment budget as of September 30, 2023 stands at 40,77%.
At the end of their evaluation meeting of the physical and financial execution of projects as of September 30, 2023, statistics of the financial engagement stands at 42.12% in relative value [FCFA 570.07 billion in absolute terms] as against 54.41% compared to the same period in the 2022 period, noticing a drop of 12.29 points, a liquidation rate of 37.40% in relative terms [FCFA 506.23 billion in absolute terms against 53.23% at the end of September 2022 noticing a loss of 15.83 points, order rate of 34.98% in relative value [FCFA 473,54 billion in absolute terms as against 49.86% compared to the same period in 2022 noticing a reduction of 14.88 points and a physical execution rate of projects of 40.77% as against 56,10% compared to the same period in 2022 noticing a reduction of 15,33 points.
This drop tendency of the global situation of the physical and financial execution of the public investment budget as compared to the same period in 2022 is linked to the less satisfactory execution of projects of foreign funding. Such projects have a disbursement rate of 25,93% as against 58,28% compared to the same period in 2022 noticing a reduction of 32,35 points and a physical realization rate of 33,11% as against 61,78% to the same period in 2022 noticing a reduction of 28,67 points.
The evaluation indicated that the commitment rate of 67,19% as against 19,94% at the same period in 2022 with the gain of 47,25 points, a liquidation rate of 25,58% as against 8,08% at the third term of the 2022 year noticing a height of 17,50 points, and a physical execution rate of 41,53% as against 40,52% as of September 30, 2022 noticing an increase of 1,01 points. The following regions recorded the best performances, West region with physical realization rate of 58.86% and North West with realization rate of 58.67%.