Title: Budget overruns in 2022: what impacts on the economy?
Introduction :
The execution of the 2022 budget in the Democratic Republic of Congo experienced significant budget overruns, according to information presented by the Minister of Finance, Nicolas Kazadi, to the National Assembly. With an excess rate of more than 28%, several institutions and services, such as the Presidency of the Republic and the Ministry of Foreign Affairs, have been singled out.
Analysis of budget overruns:
According to data provided by the Minister of Finance, the 2022 budget was executed at a rate of more than 128%. A situation which raises questions about the management of public resources and control of expenditure. Budget overruns have notably affected key state institutions, raising concerns about their impact on the national economy.
Consequences on the economy:
Budget overruns can have significant repercussions on a country’s economy. Indeed, this can lead to an imbalance in public finances, with consequences for economic stability and investor confidence. Furthermore, it can compromise the implementation of priority projects and the financing of strategic sectors such as education and health.
Delays in examining the 2022 budget:
The delay in examining the bill providing accountability for the 2022 financial year has raised questions about its management. Some deputies mentioned the fact that the government had not paid the fees required for the examination of the text, which would explain the postponement of its programming in the National Assembly. These delays may have generated friction within the institution and called into question transparency in the management of public affairs.
Conclusion :
Budget overruns in 2022 in the Democratic Republic of Congo raise concerns about the management of public resources and the impact on the country’s economy. It is essential to take appropriate measures to ensure control of public spending, ensure transparency in the management of funds and preserve economic stability. Better budgetary planning and close supervision of expenditures are necessary to avoid such overruns and promote the sustainable development of the country.