In its latest economic bulletin, the Government of the Democratic Republic of Congo (DRC) forecast a budget deficit in the month of July 2023. According to estimates, this deficit would amount to 71.6 billion Congolese Francs, or approximately 35. $4 million.
This worrying figure is mainly due to the expenditure programmed within the framework of tax deadlines. Indeed, the revenue expected for this month is estimated at 2,371.1 billion FC (Congolese Francs), while expenditure amounts to 2,442.7 billion FC. This imbalance between revenue and expenditure therefore results in a significant deficit.
According to the Central Bank of Congo, the mobilization of public revenue slowed down during the month of July. This raises questions about the government’s ability to meet its revenue mobilization targets and balance the state budget.
This budget deficit is a major concern, as it can have consequences for the country’s economic stability. It is therefore essential that measures be taken to boost public revenue mobilization and reduce unnecessary spending.
This situation highlights the importance of rigorous management of public finances and careful budgetary planning. It is essential that the government put in place effective strategies to increase tax revenue, reduce waste and optimize the use of financial resources.
In conclusion, the budget deficit forecast for the month of July 2023 in the DRC is an issue that should not be overlooked. It is crucial that concrete actions be taken to remedy this situation and ensure sound and balanced financial management