The foreign currency budget in the Democratic Republic of Congo (DRC) continues to make the news. As of October 5, 2023, according to the Central Bank of Congo (BCC), the execution of the budget in foreign currencies recorded a monthly surplus of 13 million US dollars. This surplus balance is the result of revenues of $43.5 million and expenditures of $30.5 million.
These figures contrast with the first quarter of 2023, where the foreign currency Budget showed a deficit balance of 194.3 million US dollars. This situation was due to revenues of $528.99 million (including $453.67 million from foreign exchange operations) and expenses of $723.29 million (including $537.27 million related to foreign exchange requirements). of the Treasury).
However, it is important to note that during the first quarter of 2022, the foreign currency budget was in surplus of $116.1 million. The DRC then recorded revenues of $753.1 million and expenditures of $637 million.
At the end of 2022, the execution of the Budget in foreign currencies resulted in a surplus of 1.617 billion US dollars, thus exceeding forecasts.
These figures demonstrate the fluctuation of the economic situation in the DRC and underline the need for good management of public finances to maintain a balanced budget. It is essential that the Congolese authorities continue to closely monitor the execution of the foreign currency budget and take adequate measures to ensure the financial stability of the country.
The DRC faces many economic challenges, but these positive results in the execution of the foreign currency budget provide some optimism about the country’s financial prospects. This also reflects efforts to mobilize revenue and control expenditure.
The budget surplus in foreign currency is an encouraging indicator which can help strengthen investor confidence and promote the economic development of the DRC. However, it remains essential to continue to promote transparency, good governance and accountability in the management of public affairs in order to consolidate these positive results.
In conclusion, the execution of the budget in foreign currency in the DRC shows encouraging signs with a monthly surplus recorded recently. However, it is essential to remain vigilant and put in place sound economic and financial policies to ensure the country’s long-term stability and growth. Appropriate management of public finances remains a priority to ensure sustainable economic development in the Democratic Republic of Congo.