NW 2023 BUDGET – Stake Holders oriented on the new dynamics

The  2023 budget in income and expenditure  for the northwest region stands at FCFA (6,345.1) six billion three hundred and forty-five million, one hundred thousand, against (6,080.4)six billion eighty million, four hundred thousand  of last year 2022, witnessing an increase of FCFA (264.7)two hundred and sixty-four billion, seven million francs, representing a relative increase of fourfour per cent 4.4 % .

 Unlike the previous budgets in which stake holders had the latitude to carry forward, execute project with some degree of laxity and rescheduling payment of un paid bills, execution of 2023 budget has been restricted to the financial year. In this regard project conceived for 2023 must be executed on record time as there shall be no carry forward. 

        Nji Donatus Achu

         Chief of mission 

The charger de mission from the ministry of Finance Nji Donatus Achu explained that the new orientation is aimed at checking problems usually encountered with brought forwards bills or contracts etc. He explained during the launching of the 2023 budget which took place at MINEPAT hall Bamenda on Monday January 16 that, debts and contracts must be paid or executed within the stipulated deadlines to avoid the sanctions that goes with late execution of contracts. He gave a clinical explanation to all the worries raised by participants about the new regulations and some of the intrigues of the new reforms.   

Regional service heads made presentations of their activities of last year.  

 Speaking earlier, the Governor of Norhwest region Lele L’Afrique , underscored the fact that the  budget is the driving force behind the political ,economic , social and cultural life of the country.Money he went on,is  the life wire of all development efforts of the nation.“ It is through  the budget that we give an economic and material realization to all our development policy”. He explained that its execution both at the level of the state and   technical level, set the pace of the very existence, growth and development of the society as a whole.  To avoid sanctions, or return of credit cards to Yaoundé, he exhorted the stakeholders to execute the budget within the frame work of finance laws and make use of experts in the domain of public finance etc.  He hailed stakeholders of the region for their impressive score in the 2022 execution rates which stands at 88.06 %p. He expressed wish for a score of 100 percent in 2023.   

         By chifu Edward

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