The Ministry of Agriculture in the Democratic Republic of Congo (DRC) should benefit from significant budgetary allocations as part of the 2024 financial law. According to the document, the ministry will receive nearly 2.394 billion Congolese Francs, i.e. the equivalent of 920 million US dollars. This sum represents 6.56% of total government expenditure.
A large part of this budget, more than 334 billion Congolese francs, will be devoted to supporting the rehabilitation and revival of the agricultural sector (PARRSA). This measure aims to make the agricultural sector a driver of diversification of the Congolese economy and to fight against poverty and famine which affect nearly 25 million people in the country.
The functioning of the ministry will also be taken into account, with an allocation of nearly 44 billion Congolese francs. In addition, the Studies Department will receive 1,456.9 billion CDF to carry out studies and research aimed at improving the agricultural sector.
Finally, the Agricultural Development and Entrepreneurship Department will receive more than two billion Congolese Francs to support agricultural development initiatives and encourage entrepreneurship in this sector.
This increase in budget allocations for the Ministry of Agriculture demonstrates the importance given by the Congolese government to the promotion of agriculture and the fight against food insecurity. By investing in this key sector of the economy, the government hopes to stimulate economic growth and improve the living conditions of rural populations.
It should be noted that these budgetary allocations could also benefit smallholder farmers and producer organizations, by providing them with the necessary resources to improve their agricultural practices, access innovative technologies and develop sustainable agricultural value chains.
In conclusion, the allocation of these budgetary allocations to the Ministry of Agriculture in the DRC reflects the government’s desire to make agriculture a lever for economic and social development. By investing in this vital sector, the DRC hopes to improve food security, reduce poverty and create employment opportunities in rural areas.