And here is the improved article on the investment expenditure in own resources of the Government of the Democratic Republic of Congo during the penultimate quarter of the year 2023:
Title: Investment spending in the DRC sees a sharp increase in 2023
Introduction :
The Government of the Democratic Republic of Congo recently announced a significant increase in investment expenditure in own resources during the penultimate quarter of 2023. These expenditures amounted to 1,076.47 billion Congolese Francs (CDF), or approximately 430 million US dollars. This represents an increase compared to previous quarters and demonstrates an increased commitment to the development of the country.
Growth in investment spending:
According to the Ministry of Finance’s report on the situation of public expenditure, around 23% of this investment expenditure was carried out under emergency procedure. This figure underlines the importance given by the government to priority projects requiring rapid action to meet the urgent needs of the population.
This increase in investment spending can be attributed in part to the organization of the ninth Games of the Francophonie in Kinshasa. These major events require significant investments in infrastructure and services, which stimulates the local economy and improves the living conditions of residents.
Impacts on the development of the country:
The increase in investment spending on own resources demonstrates the government’s commitment to promoting the economic and social development of the DRC. These investments in infrastructure, health, education and other key sectors will help improve the living conditions of the Congolese and strengthen the country’s economy in the long term.
Furthermore, this investment spending demonstrates the government’s confidence in the country’s ability to finance its own projects and reduce its dependence on external aid. This promotes greater economic sovereignty and strengthens the credibility of the DRC on the international scene.
Conclusion :
The sharp increase in investment expenditure in own resources by the Government of the Democratic Republic of Congo during the penultimate quarter of 2023 marks an important stage in the country’s development. These strategic investments will help improve infrastructure, services and the living conditions of the Congolese, while strengthening the national economy. This initiative demonstrates the government’s desire to take charge of its own development and create a better future for the country’s population.