Cameroon’s public debt rose 7.8% in 2024, totaling CFA14.237 trillion, representing 45.6% of GDP. This increase is mainly due to governmental borrowing but remains within the limits of the country’s Medium-Term Debt Strategy, which aims to keep debt below 50% of GDP by 2026. Central government constitutes the bulk of the debt at 92.6%.
Cameroon’s public debt has seen an increase of 7.8% in 2024, totaling CFA14.237 trillion by December, which constitutes approximately 45.6% of the nation’s GDP. This rise is primarily attributed to borrowing activities conducted by the central government, as reported by the National Sinking Fund (CAA) in March 2025.
Despite the increase in public debt, the CAA assures that such debt levels remain manageable and consistent with the country’s Medium-Term Debt Strategy for 2024-2026. This strategy aims to ensure that the debt remains below 50% of GDP by 2026, a figure that is still considerably lower than the regional threshold of 70%.
According to the report, 92.6% of the total debt is linked to the central government, whereas public enterprises contribute 7.2% and local governments account for a marginal 0.08%. Notably, central government borrowing increased by 8.7% over the year, indicative of expanding budgetary responsibilities.
In conclusion, Cameroon’s public debt has increased to CFA14.237 trillion as of December 2024, primarily due to central government borrowing. While this represents 45.6% of GDP, it remains below the country’s strategic target of 50% by 2026, ensuring fiscal prudence within the context of regional averages. The composition of the debt further highlights the central government’s significant role in national borrowing.
Original Source: www.businessincameroon.com
