Title: The impressive figures of retrocession to financial rules in the DRC
Introduction :
The Democratic Republic of Congo (DRC) faces major economic challenges, particularly in terms of mobilizing public revenue. And according to the latest figures, the total amount retroceded to financial rules in the first half of this year is simply impressive. In this article, we will take a close look at these numbers and their impact on the country’s economy.
Analysis of the numbers:
According to the budget monitoring statements of June 2023, the total amount retroceded to the DRC’s financial rules amounts to 475.5 billion Congolese Francs, or the equivalent of 235.2 million US dollars. These amounts are intended for financial authorities such as the General Directorate of Taxes, the General Directorate of Customs and Excise, as well as the General Directorate of Administrative, Judicial, State and Participations Revenue.
It is interesting to note that these figures represent part of the budget forecasts set for the period. Indeed, throughout the year 2023, the Congolese government should disburse a total amount of 1,256.9 billion Congolese Francs, or more than 600 million dollars, in favor of these financial authorities.
Explanation and impact:
The retrocession to the financial administrations includes bonuses and quotas transferred by the State to the base services and to the general management. These bonuses are linked to the mobilization of public revenue, and they benefit all the agents and executives of the financial authorities mobilizing taxation and parafiscality in the DRC.
These figures bear witness to the importance of public revenue collection for the functioning of the Congolese state. The funds thus retroceded make it possible to support the activities of the financial authorities and to guarantee better management of public finances.
Conclusion :
The retrocession to financial rules in the DRC represents a colossal amount, testifying to the vital importance of the mobilization of public revenues for the functioning of the State. These figures highlight the efforts made by the financial authorities and underline the importance of their role in the financial management of the country. It is crucial to continue to strengthen these authorities in order to ensure effective and transparent management of public finances in the Democratic Republic of Congo