Title: Félix Tshisekedi promulgates the finance law for the 2024 financial year – A new stage for the economic stability of the DRC
Introduction :
It is with a big announcement that Félix Tshisekedi, candidate President of the Republic in his own succession, promulgated finance law n°23/056 of December 10, 2023 for the 2024 financial year. This important decision was announced during a series of orders broadcast on national television, RTNC, on Thursday, December 14, 2023. This new finance law sets the revenue and expenditure of the central power for the year 2024, thus marking a crucial step in economic stability of the Democratic Republic of Congo (DRC).
A balanced and growing budget:
The finance bill for the 2024 financial year is balanced, both in terms of revenue and expenditure, with a total amount of 40,986.0 billion FC (Congolese franc). This represents an increase of 26.3% compared to the budget of the previous year, which amounted to 32,456.8 billion FC. This increase demonstrates the desire to strengthen the economic strength of the country and encourage growth.
Additional revenue to support development:
During the examination of this finance bill, additional revenue was generated to the tune of 451 million FC. This will strengthen available resources and support the development of the DRC in different strategic sectors, such as education, health, infrastructure and agriculture.
Entry into force from January 2024:
According to the presidential order, the finance law for the 2024 financial year will come into force from January 1 of that same year. This provides the opportunity for rapid implementation of the financial measures necessary to support the country’s economy and development.
Conclusion :
The promulgation of the finance law for the 2024 financial year marks an important step for the economic stability of the Democratic Republic of Congo. By setting revenues and expenditures for the coming year, this law will strengthen available resources and support the development of the DRC. Félix Tshisekedi thus gives a strong signal in favor of the country’s economic growth and sends a message of confidence to national and international investors.