WHAT TO REMEMBER FROM THE LAST CBON’S COUNCIL OF MINISTERS? QUE RETENIR DU DERNIER CONSEIL DES MINISTRES DE CBON?
English version Dear readers, here are the key takeaways from the Council of Ministers of May 22, 2026, analyzed by this blog through the lens of governance, public finances, and institutional dynamics. We are analyzing these points based on the statements in the communiqué rather than judging the relevance of the content. 1. Macroeconomic Framework and Budgetary Realism The government is undertaking a major readjustment of its financial forecasts, marking a return to a certain rigor dictated by the requirements of the IMF and CEMAC, while seeking to avoid increased tax pressure. Overall budget decrease: The state budget has been revised downward, going from 6,358.2 billion FCFA to 5,495.2 billion FCFA (a contraction of approximately 863 billion). Downward revision of growth: The growth projection has been reduced from 6.5% to 4.0%, despite an anticipated slight increase in oil production and prices. The sharp drop in forecasts for timber (-36.2%) and rubber (-76.9%) ...