Major Contemporary Problems of Public Finance in Cameroon

Cameroon, like any other developing nation grapples with unstable and unsustainable economic growth, failing to adequately support its public finance network to meet the increasing needs of its growing population. This instability, stemming from the deterioration of macro and microeconomic indicators, is a consequence of various contemporary challenges (both major and minor) that span socio-economic, environmental, and political realms. These challenges are comprehensively analyzed through four key determinants: Real or Natural Economy Contemporary Problems, Financial Contemporary Problems, Social, Environmental, Land Tenure, Infrastructure Development, Public Asset, and Safety Contemporary Problems, and Governance and Corruption Contemporary Problems. In addressing these contemporary issues, this work employs neoclassical theories and efficiency concepts. The operationalization of these theories and concepts, in the context of the four identified contemporary problems, is approached holistically. However, special attention is given to the promotion of good governance and a robust fight against corruption as integral components of the proposed solutions.