Fatshimetrie, October 17, 2024 – The Minister of State, responsible for the budget, submitted the draft Amending Finance Law 2024 to the attention of the lower house of Kinshasa. This budget proposal, valued at 44,410 billion FC (approximately 15.8 billion USD), was presented as being balanced, both on the revenue and expenditure side.
According to the statements of Minister Aimé Boji, this bill is based on solid macroeconomic aggregates, with a GDP growth rate of 5.4% and a GDP deflator of 11.8. Average inflation is estimated at 17.5%, while the average exchange rate stands at 2,802.8 FC for 1 USD. These economic data paint an ambitious financial picture for the future of the country.
This Amending Finance Law focuses mainly on adjustments to the General Budget, with a significant increase compared to the initial forecasts. The General Budget revenues include both internal and external revenues, highlighting a desire to diversify sources of financing.
Expenditures, for their part, are distributed in a balanced manner, with significant investments in various key sectors such as road infrastructure and new technologies. Emphasis is also placed on the effective management of public debt, a crucial element in maintaining the country’s financial stability.
In addition, existing fiscal and administrative measures are maintained, thus allowing continuity in the budgetary policy put in place. This approach demonstrates a desire for stability and predictability in the management of public finances.
In conclusion, the Amending Finance Law 2024 presents an ambitious vision for the economic future of the Democratic Republic of Congo. Building on solid foundations and taking into account current challenges, this budget project aims to ensure sustainable and balanced growth for the well-being of all citizens.