Title: Economic news from the Democratic Republic of Congo: Record collection of public revenues in October 2023
Introduction :
During the first thirteen days of October 2023, the financial authorities of the Democratic Republic of Congo (DRC) recorded an exceptional performance in terms of public revenue collection. According to the Central Bank of Congo, a total amount of 553.8 billion Congolese Francs (CDF) was collected, an achievement rate of 41% compared to forecasts for the month. In this article, we will explore this remarkable performance in more detail, highlighting the main resources mobilized and the associated public expenditure.
Record revenues dominated by the Directorate General of Taxes (DGI):
The record collection of public revenue in October 2023 is largely attributed to the significant contribution of the Directorate General of Taxes (DGI). Indeed, the DGI mobilized an amount of 258.2 billion Congolese Francs (CDF), thus representing the largest share of the revenue collected. This performance demonstrates the effectiveness of the measures put in place to strengthen tax collection in the country.
The contribution of other financial authorities:
In addition to the DGI, other financial authorities also played a crucial role in mobilizing public revenue. The General Directorate of Customs and Excise (DGDA) collected 170.4 billion Congolese Francs (CDF), while the General Directorate of Administrative Revenue (DGRAD) contributed with an amount of 125.2 billion Congolese Francs (CDF) . This balanced distribution of revenue between the different financial authorities demonstrates effective coordination in the management of public resources.
Public spending under control:
Alongside revenue mobilization, public spending has also been controlled. A total of 713.3 billion Congolese Francs (CDF) was allocated to the various expenditure headings, which represents an execution rate of 38%. The main expenditures concerned the salaries of state agents and civil servants, the operating costs of institutions and ministries, capital expenditure and subsidies. This rigorous management of expenses makes it possible to preserve the budgetary balance and guarantee optimal use of financial resources.
Outlook for the future:
The exceptional performance of public revenue collection in October 2023 testifies to the improvement of financial management in the Democratic Republic of Congo. However, it is important to maintain this momentum and continue to strengthen the capacities of financial authorities to ensure sustainable mobilization of the resources necessary for the country’s development.. Furthermore, better transparency and a stronger fight against corruption will be essential to ensure efficient use of public funds.
Conclusion :
The Democratic Republic of Congo is experiencing a remarkable performance in terms of public revenue collection in October 2023. This success is the result of good coordination between financial authorities and demonstrates the effectiveness of the measures taken to strengthen the mobilization of taxes and taxes. However, it is essential to maintain this momentum and continue efforts for transparent financial management and efficient use of public resources. This will contribute to the sustainable development of the country and the improvement of the living conditions of the Congolese population.