{"id":47886,"date":"2025-11-18T13:13:29","date_gmt":"2025-11-18T13:13:29","guid":{"rendered":"https:\/\/journalintegration.com\/?p=47886"},"modified":"2025-11-18T13:14:31","modified_gmt":"2025-11-18T13:14:31","slug":"finances-publiques-les-tuyaux-se-bouchent","status":"publish","type":"post","link":"https:\/\/journalintegration.com\/index.php\/2025\/11\/18\/finances-publiques-les-tuyaux-se-bouchent\/","title":{"rendered":"Finances publiques : les tuyaux se bouchent"},"content":{"rendered":"\n

Officiellement, il s\u2019agit d\u2019un rituel administratif annuel. Officieusement, d\u2019un signal d\u2019alerte sur la sant\u00e9 financi\u00e8re de l\u2019\u00c9tat.<\/em><\/p>\n\n\n

\n
\"\"
Le Minfi, Louis Paul Motaze<\/figcaption><\/figure>\n<\/div>\n\n\n

Les tuyaux budg\u00e9taires se bouchent. Par une note du minist\u00e8re des Finances, le gouvernement camerounais a fix\u00e9 l\u2019arr\u00eat des engagements le 21 novembre, des ordonnancements le 31 d\u00e9cembre, et la cl\u00f4ture comptable le 31 janvier 2026. Officiellement, il s\u2019agit d\u2019un rituel administratif annuel. Officieusement, d\u2019un signal d\u2019alerte sur la sant\u00e9 financi\u00e8re de l\u2019\u00c9tat. Dans les couloirs des minist\u00e8res, l\u2019atmosph\u00e8re est f\u00e9brile. Les gestionnaires de cr\u00e9dits s\u2019activent pour faire passer en urgence les dossiers encore pendants. \u00ab\u202fNous devons boucler les engagements prioritaires avant la date butoir, sinon tout sera report\u00e9 \u00e0 2026\u202f\u00bb, confie un cadre du minist\u00e8re des Travaux publics. En clair, le robinet des d\u00e9penses publiques se referme, et la machine \u00e9conomique tousse d\u00e9j\u00e0.<\/p>\n\n\n\n

Signaux<\/strong>
Depuis le milieu de l\u2019ann\u00e9e, les signes d\u2019un resserrement de tr\u00e9sorerie se multiplient\u202f: retards de paiement, projets suspendus, march\u00e9s publics gel\u00e9s. Selon l\u2019\u00e9conomiste Germain Onana, du Centre camerounais d\u2019\u00e9tudes macro\u00e9conomiques, \u00ab\u202fle gouvernement fait face \u00e0 une forte tension de liquidit\u00e9s, cons\u00e9quence d\u2019une ex\u00e9cution budg\u00e9taire en dents de scie et de recettes fiscales inf\u00e9rieures aux pr\u00e9visions. L\u2019arr\u00eat anticip\u00e9 des engagements traduit une volont\u00e9 de ma\u00eetriser la d\u00e9pense, mais aussi une reconnaissance implicite des limites de la capacit\u00e9 de financement\u202f\u00bb. Pour Clarisse Mbida, consultante en finances publiques, la mesure n\u2019est pas anodine\u202f: \u00ab\u202fEn fermant le robinet d\u00e8s novembre, l\u2019\u00c9tat cherche \u00e0 \u00e9viter les engagements de derni\u00e8re minute qui gonflent artificiellement les d\u00e9penses. Mais elle r\u00e9v\u00e8le aussi un \u00e9puisement des marges budg\u00e9taires. Les caisses ne sont pas vides, mais elles se remplissent trop lentement \u00bb.<\/p>\n\n\n\n

Ambiance<\/strong>
Dans les entreprises, notamment les PME prestataires de l\u2019\u00c9tat, la nouvelle suscite l\u2019inqui\u00e9tude. Les retards de r\u00e8glement fragilisent d\u00e9j\u00e0 les tr\u00e9soreries. \u00ab\u202fQuand l\u2019administration stoppe les paiements, c\u2019est toute la cha\u00eene \u00e9conomique qui se grippe\u202f\u00bb, d\u00e9plore Paul Mvondo, pr\u00e9sident d\u2019une association patronale. Le secteur du BTP, d\u00e9pendant des march\u00e9s publics, est particuli\u00e8rement expos\u00e9\u202f: plus de 60\u202f% des chantiers financ\u00e9s sur fonds publics accusent des retards de paiement depuis septembre.<\/p>\n\n\n\n

Les \u00e9conomistes rappellent que cette situation s\u2019inscrit dans un contexte de pression macro\u00e9conomique\u202f: croissance atone, dette int\u00e9rieure \u00e9lev\u00e9e et recettes p\u00e9troli\u00e8res moins dynamiques. \u00ab\u202fLe Cameroun n\u2019est pas en crise, mais il vit sous perfusion budg\u00e9taire\u202f\u00bb, estime Agn\u00e8s Ebongu\u00e9, analyste au cabinet Global Insight. \u00ab\u202fL\u2019ajustement est in\u00e9vitable si l\u2019\u00c9tat veut pr\u00e9server sa cr\u00e9dibilit\u00e9 vis-\u00e0-vis de ses bailleurs et \u00e9viter une explosion des arri\u00e9r\u00e9s \u00bb.<\/p>\n\n\n\n

L\u2019autre enjeu est politique. \u00c0 l\u2019approche du d\u00e9bat sur la loi de finances 2026, le gouvernement veut afficher une rigueur exemplaire. Mais pour beaucoup, cette rigueur confine \u00e0 la paralysie administrative. Les ordonnateurs multiplient les correspondances, les services du Tr\u00e9sor filtrent les paiements, et les fournisseurs attendent, impuissants. \u00ab\u202fTout est bloqu\u00e9, m\u00eame les projets prioritaires\u202f\u00bb, confie un haut fonctionnaire. Entre n\u00e9cessit\u00e9 de discipline et risque d\u2019asphyxie, le Cameroun avance sur un fil. \u00ab\u202fNous assistons \u00e0 une forme d\u2019aust\u00e9rit\u00e9 silencieuse\u202f\u00bb, r\u00e9sume Germain Onana. \u00ab\u202fL\u2019\u00c9tat cherche \u00e0 sauver la forme sans perdre la face\u202f\u00bb. Pour l\u2019heure, les finances publiques camerounaises tiennent, mais sous tension. Les tuyaux ne sont pas encore cass\u00e9s. Ils sont simplement bouch\u00e9s. Et tout le d\u00e9fi du gouvernement sera de les d\u00e9boucher sans provoquer de fuite.<\/p>\n\n\n\n

Jean Ren\u00e9 Meva’a Amougou<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Officiellement, il s\u2019agit d\u2019un rituel administratif annuel. Officieusement, d\u2019un signal d\u2019alerte sur la sant\u00e9 financi\u00e8re de l\u2019\u00c9tat. Les tuyaux budg\u00e9taires se bouchent. Par une note du minist\u00e8re des Finances, le gouvernement camerounais a fix\u00e9 l\u2019arr\u00eat des engagements le 21 novembre, des ordonnancements le 31 d\u00e9cembre, et la cl\u00f4ture comptable le 31 janvier 2026. Officiellement, il […]<\/p>\n","protected":false},"author":1,"featured_media":47887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[52,24],"tags":[],"class_list":["post-47886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualite","category-integration-nationale"],"yoast_head":"\nFinances publiques : les tuyaux se bouchent - Int\u00e9gration<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/journalintegration.com\/index.php\/2025\/11\/18\/finances-publiques-les-tuyaux-se-bouchent\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finances publiques : les tuyaux se bouchent - Int\u00e9gration\" \/>\n<meta property=\"og:description\" content=\"Officiellement, il s\u2019agit d\u2019un rituel administratif annuel. 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