Title: Plate services in the DRC: Public revenues on the rise to support economic development
Introduction :
The Democratic Republic of Congo (DRC) is taking another step towards economic development thanks to the increase in public revenue. Plate services mobilized a record amount of 12,691.6 billion Congolese Francs (CDF), or approximately 6.2 billion US dollars, as of July 28, 2023. This remarkable performance, revealed by the General Inspectorate of Finance (IGF), testifies to the efforts made by the government to boost the country’s economy. In this article, we will analyze the reasons behind this increase in government revenue and the impact on economic development.
Explanation of performance:
According to the IGF, expenditure by the DRC government amounted to 12,343.8 billion Congolese Francs (CDF). This means that the Public Treasury recorded a surplus balance of 378.2 billion Congolese Francs (CDF) over the period considered. While the IGF does not provide details on the reasons for this performance, some experts believe that it could be due to the tax deadline of July 31, 2023, when many companies would have paid their tax obligations en masse. Whatever the exact reason, it is encouraging to see that the trend in own revenue mobilization is in line with the fiscal targets set for the year 2023.
Impact on economic development:
This increase in public revenue in the DRC is excellent news for the country’s economic development. It means that the government has additional resources to finance infrastructure projects, improve public services and support key sectors of the economy. These investments are essential to stimulate economic growth, create jobs and reduce poverty in the DRC.
In addition, this financial performance demonstrates the stability and solidity of the country’s tax system. Government revenues are a crucial indicator of a country’s economic health and its ability to mobilize the resources needed for its development. The confidence of investors and international partners is strengthened when public revenues are well managed and constantly growing.
Future prospects :
The IGF stressed the need to maintain this positive trend and to amplify the mobilization of public revenues. This involves strengthening measures to combat tax evasion, improving the efficiency of tax collection and promoting a business-friendly environment. The DRC government will also need to continue to invest in policies and programs that promote economic growth, such as education, health, agriculture and industry..
Conclusion :
The increase in public revenue recorded by plate services in the DRC is excellent news for the country and its economic development. This demonstrates the government’s ability to mobilize the necessary resources to support economic growth, create jobs and improve the living conditions of citizens. Maintaining this positive trend and continuing to promote a business-friendly environment is key to ensuring sustainable economic development in the DRC