Macroeconomic Forecast Cameroon

BMI View: Cameroon's government revenues will be robust in the coming years, as we expect the price of oil, a key export, to remain at historically high prices. However, expansive government spending, on both capital expenditures and current expenditures such as food and fuel subsidies, will keep the budget balance negative. We are forecasting a shortfall equal to 0.3% of GDP in 2012, which we believe will narrow slightly in 2013.

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