Following the impetus for public finance reform at the state level, driven by the Harmonized Public Finance Management Framework Directives in the CEMAC Zone, Cameroon has embarked on the modernization of the budgetary and accounting framework for Public Establishments.
In terms of progress, the legal framework for PEs is being adapted with the signing of the decree concerning the budgetary nomenclature for PEs and the one establishing the accounting plan for PEs in August 2024.
Other texts include those concerning the status and responsibilities of public accountants assigned to PEs, the accounting standards for PEs, the budgetary instruction for PEs, the accounting instruction for PEs, and the instruction on accountability for PE managers.
The effective transition of PEs into the public finance reform is projected for January 2026.
The extension of reforms to Establishments aims to achieve the following:
Aligning their procedures with those in force at the national level while taking into account their specificities
Transparency in the budgetary and accounting management of PEs
Improved services for users
The production of consolidated public accounts.