The plate services of the Democratic Republic of Congo (DRC) achieved a remarkable performance by mobilizing revenues of around 987.6 billion Congolese Francs (CDF) during the month of September 2023. This information was reported in the economic situation note of the Central Bank of Congo (BCC) of September 28, 2023.
Tax revenue represents a significant part of these resources, reaching nearly 83.5% of the total, or 824.9 billion Congolese Francs (CDF). It was the General Directorate of Taxes (DGI) which contributed the most to this revenue, with 63.8% of the total amount.
However, this revenue only corresponds to 40.3% of the monthly programming, suggesting room for improvement between now and the end of the tax deadline. In fact, the third installment of the profit tax still remains to be collected.
On the expenditure side, current expenses were the most important, notably remuneration and operating costs of political institutions, amounting respectively to 202.8 billion Congolese Francs (CDF) and 288.2 billion Congolese Francs ( CDF). Investment spending reached 133.3 billion Congolese Francs (CDF), which represents only 28.0% of their monthly forecasts.
In total, public expenditure executed during this period reached 1,029.5 billion Congolese Francs (CDF).
This performance of the DRC’s tax services demonstrates a certain fiscal stability and an ability to mobilize significant resources. However, challenges still remain to improve spending efficiency and increase revenues to support the country’s economic development.
In a context where investment and development needs are numerous, it is essential to find solutions to increase tax revenue while guaranteeing more efficient management of public expenditure. This requires collaboration between different actors, including tax services, political institutions and economic actors, in order to optimize tax collection and make strategic choices regarding spending.
The road to financial stability and sustainable economic growth is still long, but the mobilization of revenues by the DRC’s tax services constitutes a positive step in this direction. It is now essential to continue efforts and put in place effective measures to consolidate this progress and promote the development of the country.