Title: Plate services in the Democratic Republic of Congo mobilize more than $5.8 billion in public revenue in 2023
Introduction :
The Democratic Republic of Congo (DRC) faces major economic and financial challenges. However, despite these difficulties, the country’s tax services demonstrated their effectiveness by mobilizing a total amount of 14,721 billion Congolese Francs (CDF), or more than $5.8 billion at the exchange rate used on the parallel market. , during the period from January 1 to October 13, 2023. In this article, we will explore the sources of these revenues and the impact on the Congolese state budget.
Financial authorities in the foreground:
According to the report from the Central Bank of Congo (BCC), the large part of public revenue mobilized during this period came from the efforts of financial authorities, in particular the General Directorate of Taxes (DGI), the General Directorate of Customs and Excise ( DGDA) and the General Directorate of Administrative Revenue (DGRAD). These agencies played a vital role in raising revenue to support state finances.
Expenditures and budget deficit:
Despite revenue mobilization efforts, Congolese government expenditures amounted to 16.691 billion Congolese Francs (CDF) during the same period. This resulted in a budget deficit of around 1,970 billion Congolese Francs (CDF) in annual cumulative terms. Budget management therefore remains a significant challenge for the Congolese authorities.
The contribution of financial authorities in October 2023:
During the first thirteen days of October 2023, financial authorities continued to contribute to the mobilization of revenue, with a total of 553.8 billion Congolese Francs (CDF) collected. The General Directorate of Taxes (DGI) remains in the lead with 258.2 billion Congolese Francs (CDF), closely followed by the General Directorate of Customs and Excise (DGDA) with 170.4 billion Congolese Francs (CDF) and the General Directorate of Administrative Revenue (DGRAD) with 125.2 billion Congolese Francs (CDF).
Outlook for the future:
The mobilization of public revenue is essential to support the economic and financial development of the DRC. The Congolese authorities must continue to strengthen financial governance and fight tax evasion in order to improve state revenues and reduce the budget deficit. It is also crucial to work for transparent and efficient management of public expenditure in order to optimize available resources.
Conclusion :
Despite the economic and financial challenges facing the DRC, service providers have shown their capacity to mobilize significant public revenue. However, there is still work to be done to improve budget management and reduce the budget deficit. Continued support for financial authorities and the implementation of effective measures to combat tax evasion are crucial to ensure the economic and financial stability of the country.
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