Cameroon’s public debt increased by 7.8% in 2024, totaling CFA 14.237 trillion, approximately 45.6% of GDP. The rise is mainly attributed to government borrowing. The National Sinking Fund states the debt is controlled and aims to remain below 50% of GDP by 2026, well below the regional cap of 70%.
Cameroon’s public debt has escalated by 7.8% in the year 2024, amounting to CFA 14.237 trillion by December, representing approximately 45.6% of the nation’s Gross Domestic Product (GDP). The National Sinking Fund (CAA) released this information in a report published in March 2025, attributing the increase primarily to the borrowing activities of the central government.
The CAA emphasizes that, despite the upsurge, the overall public debt remains manageable and adheres to Cameroon’s Medium-Term Debt Strategy for 2024-2026. This strategy aims to maintain the debt below 50% of GDP by the year 2026, which is significantly lower than the regional benchmark of 70% of GDP.
A notable 92.6% of the public debt is sourced from the central government, while public enterprises contribute 7.2%, and local governments represent a mere 0.08%. Additionally, the report indicates that central government borrowing has increased by 8.7% over the year, primarily due to rising budgetary obligations.
In conclusion, Cameroon’s public debt has risen by 7.8% in 2024, largely due to government borrowing. The CAA assures that this increase remains under manageable levels, with projections aiming to keep debt under 50% of GDP by 2026. The predominance of central government borrowing underscores the need for ongoing fiscal monitoring amid growing budgetary demands.
Original Source: www.businessincameroon.com
