The Government of the Democratic Republic of Congo (DRC) recently adopted the finance bill for the 2024 financial year, thus marking a new step towards transparent management of public finances. Valued at nearly 20 billion US dollars, this budget represents a significant increase of 24.7% compared to the previous financial year.
The DRC’s 2024 draft budget aims to maintain the balance of revenue and expenditure. In terms of revenue, there is an increase of 20.4% for the general budget, reaching 36,470 billion Congolese Francs. Ancillary budgets also saw an increase of 30.2% to reach 705 billion Congolese Francs, while special accounts saw an impressive growth of 103.6% to reach 3,289 billion Congolese Francs.
The revenue of the 2024 general budget is divided between internal revenue and external revenue. Internal revenue represents 67.3% of the general budget, or 24,550 billion Congolese Francs, including in particular customs and excise revenue, tax revenue and non-tax revenue. External receipts amount to 11,920 billion Congolese Francs.
This finance bill underlines the importance of transparency in the country’s financial management. It emphasizes the fight against corruption and aims to ensure the efficient and responsible use of public resources. This approach aims to strengthen the confidence of citizens and investors, thus promoting the economic and social development of the DRC.
Congolese Prime Minister Jean-Michel Sama Lukonde will submit the 2024 Finance Bill to the National Assembly on September 15, 2023 for consideration. This important step will make it possible to discuss and adjust the budget in order to meet the country’s priority needs and promote its sustainable growth.
In conclusion, the draft budget law 2024 in the Democratic Republic of Congo testifies to the continuous efforts of the government to improve the management of the financial resources of the country. By emphasizing transparency and the fight against corruption, this budget aims to create an environment conducive to investment and economic development in the DRC