Tax revenues in the Democratic Republic of Congo (DRC) continue to increase significantly, reaching a record level in August 2023. According to data provided by the Central Bank of Congo (BCC), financial authorities have mobilized an amount total of 1,003.4 billion Congolese Francs (CDF), or approximately 589.3 billion for the General Directorate of Taxes (DGI) and 414.1 billion for the General Directorate of Customs and Excise (DGDA).
These figures demonstrate effective tax management and a dynamic recovery of taxes and customs duties in the country. At the same time, non-tax revenues, collected by the General Directorate of Administrative Revenues (DGRAD), reached 195.1 billion Congolese Francs (CDF). This overall performance reflects the solidity of the Congolese economy and the implementation of policies favorable to economic growth.
However, despite these record revenues, the Congolese Public Treasury presents a budget deficit of around 1,854.2 billion Congolese Francs (CDF) as of August 25, 2023. This situation highlights the challenges that the country must face in terms of budgetary management and public expenditure.
To compensate for this deficit, it is necessary to put in place measures aimed at increasing revenues and rationalizing expenditure. This requires greater transparency in tax collection, as well as increased efforts to combat tax evasion and illegal practices. At the same time, it is essential to invest in key sectors of the economy to stimulate growth and diversify sources of income.
The DRC has significant economic potential, particularly in the areas of natural resources, agriculture and tourism. By exploiting these assets in a sustainable and responsible manner, the country can not only increase its tax revenues, but also create jobs and improve the standard of living of its population.
In conclusion, tax revenues in the DRC continue to increase, reflecting a positive dynamic in the collection of taxes and customs duties. However, persistent challenges in budget management and public expenditure require appropriate measures to improve the country’s financial situation. By investing in key sectors and combating tax fraud, the DRC can not only strengthen its revenues, but also move towards a more stable and prosperous economy.