“The Democratic Republic of Congo (DRC) has just published its public revenue collection figures, which are both impressive and revealing of the country’s financial state. With a total amount of 358.3 billion Congolese Francs (CDF), or approximately $125.9 million, the government’s financial departments have done a significant amount of work until September 11, 2024.
This financial performance is the result of the hard work of the various institutions in charge of revenue collection. Indeed, the General Directorate of Taxes (DGI) mobilized 136.6 billion Congolese Francs through direct and indirect taxes, while the General Directorate of Customs and Excise (DGDA) contributed 143.4 billion Congolese Francs in customs revenue.
For its part, the General Directorate of Administrative, Judicial, State Property and Participation Revenue (DGRAD) recorded revenues of around 76.6 billion Congolese francs. These figures demonstrate rigorous management of the country’s fiscal resources.
At the same time, on the public expenditure side, the Congolese authorities posted an execution rate of 20.4% on a forecast amount of 2,675.4 billion Congolese francs. Current expenditure represented 546.4 billion Congolese francs, including 326.6 billion dedicated to the salaries of state agents and civil servants.
The operating costs of institutions and ministries reached 32.3% of the monthly forecasts, with 482.8 billion Congolese francs committed. Subsidies, mainly consisting of retrocessions from financial authorities, amounted to 126.7 billion Congolese francs.
As for capital expenditure, it represented 31.8% of the monthly programming of 488.1 billion Congolese francs. These data illustrate the government’s desire to continue its investments while ensuring efficient management of public funds.
For the month of September, the forecast Treasury Plan is counting on revenues of around 2,845.2 billion Congolese francs, including the collection of the third provisional installment of the income tax (IBP). Expenditure should be around 2,675.4 billion Congolese francs.
These economic data confirm the strength of the Congolese economy and the country’s ability to mobilize its internal resources to finance its development projects. Transparent and efficient management of public finances remains crucial to ensure long-term growth and economic stability.”