Deputies meet at National Assembly to draft 2015 Finance Law

The opening of the third regular session of the legislative year 2014 was held at the National Assembly yesterday. As tradition, this session is essentially devoted for a period of one month, to review and vote on the finance law for the coming year and in this case 2015 fiscal year.

The November session of this meeting is crucial to the whole country because it is during this period that the Executive shall submit to the Parliament for consideration and vote the draft finance law for the next fiscal year.

In the circular relating to the preparation of the budget of the State for 2015 fiscal year, signed August 2 by the head of State, it indicated a 6.3% growth rate of the gross domestic product (GDP) whose average is projected between 2015 and 2017.

Inflation, meanwhile, should not exceed the community standard of 3% due to the continued pursuit by the Government of the actions against the cost of living.

The main objective remains the acceleration of economic growth to make it stronger, sustainable, inclusive and generating employment through including the improvement of productivity, as well as the continuation of the diversification of the economy and trading partners of Cameroon.