Actualités of Saturday, 5 July 2014

Source: africatime.com

MRC makes proposals to accompany the increase in fuel prices

In a statement to the press Friday, the president of the Movement for the Renaissance of Cameroon (MRC), Maurice Kamto, made proposals to the Government of Cameroon to accompany the increase in the price of fuel in force since Tuesday.

From his point of view, the accompanying measures taken by the Government: "the maintenance of the price of a litre of oil at 350 CFA francs, the reduction of 50% of the amount of the withholding tax, from tax and parking tax to the axle, upgrading of salaries of public officials and the immediate start of consultations joint to the adjustment of the minimum wage" may preserve the purchasing power of our populations and mitigate the effects of This readjustment on the economy as the Government alleges, judges the MRC.

First, Mr. Kamto said that a price of 350 F CFA for a litre of oil is a theoretical price far from the reality, even in the main cities of the country - Douala and Yaoundé - and in the hinterland where oil is sold between 400 and 500 F CFA per litre.

Then, he makes known that the second measure seeks to impress by the level of reduction consented, but it indicates the current amount generated by the withholding tax and the concerned taxes, nor the date of entry into force of the measure, or of the indications on the earnings of the purchasing power that such a measure could result, in particular with regard to the cost of living in our country.

According to the president of MRC, the withholding tax reports about 15 billion CFA per year, and that by applying the 50% reduction, the measure cost him a whopping $ 7.5 billion CFA, axle tax reports four billion F CFA per year, and that by also applying the 50% reduction, the measure cost him a whopping two billion FCFA and the parking fee, reported no more than 700 million CFA francs per year, also applying the 50% reduction, the measure cost him the insignificant sum of FCFA 350 million, he explains.

"Altogether this measure to reduce the tax and the two taxes in question allows the Cameroonian taxpayer realized a gain of 9,850 billion CFA francs against 200 billion that he has lost because of the increase of the fuel prices decided by the same Government", he says.

In addition, the third measure to which the extent is still expected, will be only the staff of the public service, i.e. officials and agents of the State under the labour code that are less than 200,000 people in total, out of a national population of approximately 25 million inhabitants.

Finally, the fourth measure which aims at the Revalorization of the guaranteed inter-professional's minimum wage (Smig) which had long been expected will be, regardless of the amount, just a start to catch up on the shot of life, cannot be a claim to fame for the Government, because the overwhelming majority of those who receive the minimum wage are not the responsibility of the State.

For this, MRC proposes to the Government the reduction in lifestyle of the State which currently amounts to 340, 081 billion CFA, the revision of the structure of the fuel prices, since we found that an overload of six VAT in an amount of 71 F CFA, a special fee amounting to 120 F CFA alone represent an amount of 191 F CFA, far superior to 100.85 F CFA of the State support to the consumer per litre of fuel and the development of a Mercurial based on the truth of the price the market.

He equally wished for the reform of public enterprises by the removal of subsidies to public industrial and commercial enterprises including Camair-Co, Campost, Sopecam, Magzi, Crtv, Crédit Foncier, Imprimerie Nationale, etc...

Similarly, MRC calls on the Government to review the privatization of some ex -State societies like Sonel, SNEC, Regifercam, and require a more significant contribution of some large companies in the State's finances (PMUC, ORANGE, MTN, SABC, CAMTEL SNI, HSPC, and Crédit Foncier).

Furthermore, he wishes that the National Refinery Society should have in the short term technical equipment enabling it to refine the Cameroon oil and to be oriented towards the decline in the price of fuel at the pump in all producing countries.

Since Tuesday, per litre of super rose from 569 to 650 F CFA, an increase of 81 F CFA, Gasoil increases 520 to 600 F CFA, or an increase of F CFA 80 and 12.5 kg gas bottle goes from 6000 to 6 500 F CFA, an increase of 500 F CFA.