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BUSINESS CTR Reveals the 2018 Contract Plans Cost and Government Cost of Restructure
Category :- Business Author :- L J KINGAH 
Posted on February 14, 2020, 3:35 pm
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It has been revealed in a recent document that the total amount of contract plans signed by Cameroon and 15 public companies and institutions in the year 2018, was XAF73.4billion while Cameroon government injected XAF45billion to restructure the ailing public.

According to Business in Cameroon, the information was revealed in a recent report that was presented by the Technical Commission for the Rehabilitation of Public and Para public companies (CTR). But the report stated that, CTR does not point out the companies and institutions concerned.

minfi

Meanwhile according to the CRT, a contract plan is an agreement signed between the government and the public companies which lasts for a period of at least 3years. It follows a diagnosis which highlights the malfunctions at the operational, technical, institutional, financial, strategic and governance levels. CRT stated that in general terms, the contract is accompanied by a plan of restriction. And this plan is aimed at correcting the dysfunctions, with a view to restore the operating balance of the concerned bodies.

The document revealed that by December 31st 2018, a little over XAF45biilion of the public treasury was disbursed to 15 companies and institutions whom the contract plans concerned.

Generally according to experts, in a restructuring plan, the most important expenditure borne by the government is for the majority in the concerned companies.

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Tagged Keywords: BUSINESS IN CAMEROON, MINFI, CTR
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