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Title: “The financial situation of the Democratic Republic of Congo: a mixed assessment”
Introduction :
The Democratic Republic of Congo (DRC) continues to face economic challenges in its financial management. In this article, we will analyze the latest data regarding public revenues and expenditures in the DRC. Despite some progress, the country still faces difficulties in balancing its budget and ensuring sustainable economic growth.
Analysis of public revenue:
During the first thirteen days of October 2023, the financial authorities of the DRC managed to collect 553.8 billion Congolese Francs (CDF). This represents an achievement rate of 41% compared to forecasts for the month, as indicated in the report from the Central Bank of Congo. The General Directorate of Taxes (DGI) is responsible for the majority of revenues with an amount of 258.2 billion Congolese Francs (CDF). The revenues of the General Directorate of Customs and Excise (DGDA) and the General Directorate of Administrative Revenue (DGRAD) amounted to 170.4 billion Congolese Francs (CDF) and 125.2 billion Congolese Francs (CDF) respectively. .
Analysis of public expenditure:
Public expenditure reached a volume of 713.3 billion Congolese Francs (CDF), corresponding to an execution rate of 38%. The main expenditure items include salaries of state agents and civil servants, operating costs of institutions and ministries, capital expenditure and subsidies.
Annual Review :
In cumulative annual terms, State revenues amounted to 14,721 billion Congolese Francs (CDF) and expenditures executed at 16,691 billion Congolese Francs (CDF) as of October 13, 2023. These figures highlight a significant financial deficit and raise concerns about the management of the country’s financial resources.
Conclusion :
The financial situation of the Democratic Republic of Congo remains worrying, despite efforts to increase public revenue. Steps must be taken to improve public expenditure management, reduce deficits and promote sustainable economic growth. Better transparency in revenue collection and use of public funds will be essential to building a stronger economic future for the country. The DRC will also need to consider structural reforms to diversify its economy and attract more investment to stimulate growth and job creation.