The budget report for the year 2023 in the Democratic Republic of Congo was recently unveiled, generating keen interest and many reactions among the Congolese population. The figures presented by the Minister of Finance, Doudou Fwamba, provide a complete picture of the country’s financial situation, highlighting both the successes and the challenges to be met.
Revenues generated during the 2023 budget year amount to 29,607.09 billion Congolese francs, representing an implementation rate of 91.22% compared to the initial forecasts of 32,456.78 billion CDF. On the expenditure side, these were executed to the tune of 31,316.23 billion CDF, representing an execution rate of 96.49%. This led to a consolidated debit balance of 226.79 billion Congolese francs at the end of the financial year.
The Minister of Finance highlighted several factors that impacted revenue mobilization, including persistent insecurity in the east of the country, tax adjustments related to mining royalties, and the weak tax culture of micro-enterprises. Despite these challenges, the government is committed to ensuring the stability of the macroeconomic framework to promote sustainable economic growth.
National deputies made recommendations and concerns regarding public finance management, highlighting aspects such as the instability of the macroeconomic framework, the level of execution of investment expenditures, and the payment of domestic debt. The Minister committed to gradually resolve these issues, including by establishing transparent and objective mechanisms for the management of public expenditure.
The inflation rate of 23% at the end of the year was also highlighted, highlighting the challenges related to the country’s economic management. The government has made it a priority to ensure sound and equitable management of the State, in accordance with the laws and regulations in force.
In conclusion, the presentation of the 2023 budget report in the Democratic Republic of Congo highlighted both the progress made and the challenges to be met. The government’s commitment to transparent and efficient management of public finances is a crucial step in ensuring the country’s economic stability and promoting its long-term development.