The Public Treasury of the Democratic Republic of Congo (DRC) displays a surplus balance as of July 28, 2023, according to a press release from the General Inspectorate of Finance (IGF). This surplus balance amounts to approximately 378.2 billion Congolese Francs, or the equivalent of 187.1 million US dollars at the budget rate in force for the year 2021.
This positive result demonstrates the mobilization of public revenue by the country’s tax services. Indeed, the latter managed to collect a total amount of 12,691.6 billion Congolese Francs, or approximately 6.2 billion US dollars, until July 28, 2023. However, the Congolese government’s expenditure amounted to 12,343.8 billion Congolese Francs, thus exceeding the revenue collected.
The figures from the General Inspectorate of Finance, however, contradict those of the Central Bank of Congo (BCC). According to the BCC’s economic situation note, the Public Treasury posted a deficit balance of 1,262.1 billion Congolese francs, against a programmed deficit of 238.7 billion Congolese francs. Cumulative public revenue and public expenditure until July 21, 2023 amount to 10,035.6 billion Congolese Francs and 11,297.7 billion Congolese Francs respectively.
This difference in figures between the IGF and the BCC raises questions about the management of public finances in the DRC. Further investigation is essential to understand the reasons for these disparities and ensure full transparency in the use of public funds.
The financial situation of the DRC is of paramount importance for the development of the country and the well-being of its population. It is essential to ensure rigorous and efficient management of public resources, in order to promote economic growth, finance the necessary investments and meet the essential needs of citizens.
It is also essential to strengthen control and anti-corruption mechanisms, in order to avoid misappropriation of funds and ensure that public money is used wisely for the benefit of all.
In conclusion, although the DRC’s Public Treasury displays a surplus balance as of July 28, 2023 according to the IGF, it is necessary to deepen investigations to verify the accuracy of these figures and ensure transparent management of public finances. The DRC must remain vigilant and put in place adequate measures to ensure responsible and efficient use of the country’s financial resources.