Fatshimetrie today unveiled the key figures for the execution of the 2023 finance law, highlighting the country’s current financial health. The Minister of Finance, Doudou Fwamba Likunde Li-botayi, presented the results obtained in detail, providing a precise overview of budget management.
Central government revenues reached an impressive achievement rate of 91.22%, representing 29,607.09 billion Congolese francs, or approximately 13.10 billion USD. This figure shows the government’s ability to mobilize financial resources effectively, thus approaching the initial target of 30,456.68 billion francs (approximately 13.49 billion USD).
Regarding the general budget, the implementation rate was 87.38%, totaling 26,474.43 billion Congolese francs, equivalent to approximately 11.72 billion USD. The special accounts, for their part, showed a remarkable performance with an implementation rate of 164.83%, reaching 2,672.43 billion Congolese francs, or approximately 1.18 billion USD.
Central government expenditure was controlled at 96.49% of the total forecast, or 31,316.23 billion Congolese francs, approximately 13.86 billion USD. These figures demonstrate rigorous management of public funds, highlighting the government’s commitment to respecting pre-established budgetary guidelines.
The Minister also highlighted the challenges encountered, particularly related to a complex economic and security context. The persistence of the state of siege in the East and the obstacles encountered in the implementation of key projects, such as free primary education, required additional efforts to ensure stability and economic growth.
In addition, oil revenues reached 77.67% of forecasts, with an amount of 478.01 billion Congolese francs, and end-of-period inflation was set at 33.9%, with an annual average of 23.33%. The average exchange rate over the year remained at 2,259.06 Congolese francs per dollar, reflecting the relative stability of the foreign exchange market.
These financial results reflect the government’s constant efforts to ensure responsible management of public finances, despite the challenges inherent in a demanding economic environment. They demonstrate the country’s determination to embark on the path of economic progress and financial stability, even in an uncertain international context.