The financial authorities of the Democratic Republic of Congo (DRC) experienced an exceptional performance by mobilizing 1,198.5 billion Congolese Francs (CDF) in August 2023, thus exceeding the country’s revenue forecasts. According to the Central Bank of Congo (BCC), this sum represents 90.4% of forecasts, demonstrating the country’s ability to generate income despite the economic challenges it faces.
Tax revenue played a major role in this performance, with the General Directorate of Taxes (DGI) and the General Directorate of Customs and Excise (DGDA) having collected 589.3 billion Congolese Francs (CDF) and 414.1 billion respectively. of Congolese francs. Non-tax revenues, generated by the General Directorate of Administrative Revenues (DGRAD), reached 195.1 billion Congolese Francs (CDF).
This revenue mobilization is crucial for the DRC, given its economic and social development needs. The forecast cash flow plan for the month of August 2023 anticipated public revenue of 1,325.9 billion Congolese Francs (CDF) and expenditure to be executed at a level of 1,963.1 billion Congolese Francs (CDF) . Although revenues exceeded forecasts, there remains a challenge in terms of expenditure management to ensure adequate use of mobilized funds.
These encouraging results demonstrate the efforts made by the financial authorities and the economic potential of the DRC. However, it is important to continue improving revenue collection mechanisms and strengthening transparency and accountability in public finance management. This will not only consolidate the country’s financial resources, but also foster an environment conducive to investment and economic growth.
In conclusion, the performance of the DRC’s financial authorities in terms of revenue mobilization is encouraging, exceeding expectations for the month of August 2023. However, it is essential to continue to progress in the effective management of expenditure and to promote the transparency in the management of public finances. This will help strengthen the country’s economy and create an enabling environment for prosperity and sustainable development.