The revenues mobilized by the financial authorities of the Democratic Republic of Congo (DRC) reached an impressive figure as of August 25, 2023. According to the Central Bank of Congo (BCC), these revenues reached a cumulative amount of 11,997.7 billion Congolese francs (CDF), or approximately $5.9 billion at the average budget rate for 2021. These figures demonstrate the importance of the financial resources mobilized by the authorities to support the country’s development.
In August 2023, financial authorities achieved revenues amounting to 1,003.4 billion Congolese Francs (CDF). The General Directorate of Taxes (DGI) and the General Directorate of Customs and Excise (DGDA) played a key role in this result, with respective collections of 589.3 billion Congolese Francs and 414.1 billion Congolese Francs. In addition, the General Directorate of Administrative Revenue (DGRAD) contributed non-tax revenue of 195.1 billion Congolese Francs.
These figures demonstrate good management of the financial resources of the Congolese state. However, despite these significant revenues, government expenditure reached 13,851.9 billion Congolese Francs at the end of August 2023, leading to a budget deficit of 1,854.2 billion Congolese Francs. It is important for the country to find a balance between revenues and expenditures to ensure sound and sustainable financial management.
This news on the DRC’s financial revenue highlights the need to strengthen the mobilization of internal resources to support the country’s economic development. Diversifying sources of revenue, combating tax fraud and strengthening tax administration are all key elements to ensure sustainable growth.
In conclusion, the revenues mobilized by the financial authorities of the DRC reached significant levels in 2023. However, it is essential to maintain rigorous financial management in order to guarantee the economic and social development of the country. Continuing efforts to improve the mobilization of internal resources is a major challenge to ensure the financial stability of the DRC in the years to come.