At the end of October 2024, the Government of the Democratic Republic of the Congo (DRC) had mobilized 1,842.3 billion Congolese francs (CDF).
According to data published by the Banque Centrale du Congo (BCC), this level of realization represents 74.2% of the forecasts included in the State’s cash flow plan for the corresponding period.
Excluding the exceptional revenue of 923.4 billion Congolese Francs expected from SICOMINES but not yet paid out, the rate of realization of revenue from the financial authorities reached an impressive 118.1%.
During this period, tax revenues accounted for the majority of income, totaling 1,380.3 billion Congolese francs (CDF). This amount came mainly from direct and indirect taxes, with the Direction Générale des Impôts (DGI) contributing 920.0 billion Congolese francs (CDF) and the Direction Générale des Douanes et Accises (DGDA) 460.3 billion Congolese francs.
Meanwhile, non-tax revenues, which include administrative, state and judicial revenues, as well as participations via the DGRAD, amounted to 462.1 billion Congolese francs (CDF).
https://x.com/CRECofficial/status/1847080162749567178
These figures show a diversification of revenue sources for the Congolese State.
However, the absence of payments from SICOMINES represents a risk to budgetary equilibrium.
The authorities should find solutions to ensure that these funds are actually received in order to improve the overall financial situation.
Economic experts also stress the importance of improving efficiency in tax revenue collection. Reforms may be needed to optimize the tax system and reduce discrepancies between forecasts and actuals.
The current situation calls for strategic reflection on the country’s fiscal and budgetary policies. Enhanced dialogue between the government and the private sector could also promote greater tax compliance.
Although total revenues are encouraging, the DRC must navigate cautiously in the face of persistent fiscal challenges.
Commitment to structural reforms will be crucial to ensure sustainable economic growth and effective management of public finances.
Mitterrand MASAMUNA