The month of July 2024 was marked by exemplary management of public finances in the Democratic Republic of Congo. The Congolese government’s treasury figures showed a surplus balance, a sign of rigor in the management of the country’s financial resources.
According to data from the Central Bank of Congo, the closing of the State’s treasury plan revealed a surplus of 504.3 billion Congolese francs, far exceeding the amount initially planned for the month, i.e. 71.8 billion CDF.
Part of this surplus made it possible to honor matured securities for an amount of 115.1 billion CDF, in a context where the net issuance turned out to be negative. At the same time, the domestic budget balance also exceeded expectations, amounting to 520.5 billion CDF against 82.6 billion CDF planned.
However, it is important to note that computerized payment orders awaiting instruction at the BCC amount to CDF 279.6 billion, mainly consisting of the remaining pay of government employees and civil servants.
During the first seven months of 2024, the mobilization of public resources was sustained, despite a restrictive budgetary policy. This dynamic was favored by better collection of tax revenues, influenced by the stability of commodity prices on international markets, particularly copper, cobalt and gold.
In addition to the efforts of the financial authorities, budgetary grants also contributed significantly, reaching CDF 434.4 billion, a sharp increase compared to the previous year. In total, the resources mobilized exceeded expectations, with an achievement rate of 104.8%, mainly thanks to the performances of the General Directorate of Taxes and the General Directorate of Administrative and State Revenues.
Among the different sectors, direct and indirect taxes were the main contributor, representing 67.0% of revenues, followed by parafiscal revenues. Despite some shortfalls, the overall financial results of the Congolese government for the month of July 2024 demonstrate proactive and efficient management of resources, paving the way for promising financial prospects for the months to come.
In conclusion, the financial situation of the Congolese government in July 2024 illustrates not only responsible management of public finances, but also the implementation of strategic measures aimed at ensuring the economic stability of the country. These positive results underline the importance of transparent and efficient management of financial resources to guarantee the sustainable development and prosperity of the Democratic Republic of Congo.