Parliament recently voted in favor of the Ecofin Commission’s report on the draft law on accountability for the 2023 financial year and the 2024 supplementary budget. This decision marks a significant step forward in the management of public finances in the Democratic Republic of Congo.
The Ecofin Commission’s in-depth review led to significant adjustments in the 2024 general budget, which now stands at 36.470 billion Congolese francs, an increase of 20.4% compared to the previous year. This revision demonstrates the authorities’ desire to strengthen transparency and accountability in the management of public funds.
A key aspect highlighted by the Commission is the need to invest more in key sectors such as health and education. These vital sectors play a crucial role in the sustainable development of the country and deserve special attention in order to improve the quality of life of the Congolese population.
At the same time, the Ecofin Commission recommended the establishment of a commission of inquiry to examine the use of funds allocated to the 145 territories program. This measure aims to identify and sanction possible misappropriation of public funds, thus helping to strengthen the fight against corruption and impunity.
During the presentation of the commission’s work, the President of Ecofin stressed the importance of ensuring rigorous and transparent management of the State’s financial resources. He also stressed the need to ensure better coordination between the different institutions to guarantee the effectiveness of public policies.
Finally, the interventions of Lem’s Kamwanya, economic analyst, provided additional insight into the current economic issues in the Democratic Republic of Congo. His expertise enriched the debates and opened up interesting perspectives for the future of the country.
Ultimately, the adoption of the Ecofin Commission report marks an important step in the governance of public finances in the DRC. This demonstrates the authorities’ desire to promote transparency, accountability and efficiency in the management of financial resources, with the aim of fostering the country’s economic and social development.