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DRC: Four types of spending call for restrictive budgetary policy

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DRC: Four types of spending call for restrictive budgetary policy

The alert comes from the Central Bank of Congo (BCC). The Congolese Government’s economic and financial adviser has listed four types of state expenditure that call for a restrictive fiscal policy. Objective: to avoid the explosion of public spending in the face of meager revenues over the next four months.

According to the experts of the Central Bank, which met on August 23 in the framework of the Budget Policy Committee (CMP), the said expenses concern respectively: (1) the convocation of the extraordinary session of the Parliament for the purpose of the investiture of the Government, (2) the installation of the new Government, (3) the School Year 2019-2020, and (4) the first year-end festivities of the new administration.

Indeed, the extraordinary session underway in the National Assembly to invest the Government would require a special budget of about five million US dollars.

The installation costs of the Ilunkamba Government, generally known as « start-up allowances », amount to US $ 5 million for the 66 members, including the prime minister. Not to mention the way of life this great government team that would commit, until the end of this year, a global envelope of 245 million USD.

Back to school in a context of free primary education in public institutions requires 28 million US dollars. And this will now have to be paid each month. For the remaining four months of this calendar year, the global amount to be mobilized is 112 million USD.

Finally, the first year-end festivities of the state apparatus in a context of strengthening national solidarity would also incur expenses for possible 13th month pay and / or the provision of food.

Given these political and socio-economic factors that could disrupt public spending in the face of public revenue with a low mobilization rate, the Fiscal Policy Committee calls for close monitoring of macroeconomic indicators and a strengthening of monetary policy coordination very cautious and restrictive.  »

This preventive measure involves a harsh arbitration on the part of the National Executive to rationalize spending by favoring restrictive and regal expenditure such as back to school.

For the rest, independent analysts recommend that the Ilunkamba Government consider effectively reducing the lifestyle of the country’s political institutions in order to achieve a balanced budget by the end of this year.

Emilie MBOYO

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Kinshasa: the Presidential Clinic with a new Pavilion

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Kinshasa: the Presidential Clinic with a new Pavilion

The Presidential Clinic of the Cité de l’Union africaine has a new Pavilion. This building, named after the First Lady of the Republic, Denise Nyakeru Tshisekedi, was inaugurated on Wednesday, September 11, 2019 in Kinshasa, capital of the Democratic Republic of Congo.

The Denise Nyakeru Tshisekedi Pavilion is equipped with the latest generation of state-of-the-art equipment capable of treating a maximum of 100 patients per day. It includes two hospital rooms, two consultation booths, a sampling room, a laboratory and a reception area equipped with 25 seats.

Kinshasa: the Presidential Clinic with a new Pavilion

Two highlights marked the inauguration ceremony presided over by the First Lady.

First of all, the occasional word from the medical director, Dr. Joseph Kangudia Mbaya, who paid tribute to the Head of State, Felix-Antoine Tshisekedi Tshilombo, for his clearly expressed commitment to the country’s overall development, particularly in the health and well-being sector.

This Brigade general indicated that the inauguration of the Denise Nyakeru Tshisekedi Pavilion is in line with the logic of continuing the materialization of an old project to provide the presidential clinic with the necessary and modern infrastructure for its proper functioning.

The symbolic ribbon was cut by the First Lady to the frenetic applause of the medical staff and patients present at the site.

Kinshasa: the Presidential Clinic with a new Pavilion

This ceremony ended with a visit to the various departments of the new pavilion. Denise Nyakeru Tshisekedi signed the guest book marking her visit to the African Union Presidential Clinic, the second since the inauguration of her husband, Head of State Felix Tshisekedi Tshilombo.

Nadine FULA

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DRC: ARCA reminds the respect of article 286 of the Insurance Code!

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DRC: ARCA reminds the respect of article 286 of the Insurance Code!

DOCUMENT] – The Insurance Regulatory and Control Authority (ARCA) in the Democratic Republic of Congo reminds us of the scrupulous respect of article 286 of Law No. 15/005 of 17 March 2015 on the Insurance Code. It published a circular note on 6 September 2019 for the attention of authorised insurance operators. Below, the content:

DRC: ARCA reminds the respect of article 286 of the Insurance Code!

DRC: ARCA reminds the respect of article 286 of the Insurance Code!

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DRC: Bussa notes the invalidity of the orders issued by the temporary worker in Foreign Trade

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DRC: Bussa notes the invalidity of the orders issued by the temporary worker in Foreign Trade

Foreign Trade Minister Jean-Lucien Bussa Tongba has just put an end to a series of flagrant irregularities in certain acts committed during the interim period. The latter violated the Prime Minister’s formal injunction given to the temporary workers on 22 March 2019 to refrain from making arrests pending the installation of the new Government.

Legalistic, the new Minister of Foreign Trade found in the remission files and repeated a series of ministerial orders issued during this period of current business being conducted by the acting minister.

Without, however, annulling them by a contrary act, Jean-Lucien Bussa merely declared them invalid. This means that they are considered null and void.

« Any economic operator concerned by these provisions is requested, as of today, to contact the services of the office of the Minister of Foreign Trade for a review of the files in accordance with the regulations in force« , according to an official press release dated 10 September 2019 received by Zoom Eco.

For Minister Jean – Lucien Bussa, it is a question of maintaining the momentum of the business climate through efficient regulation of imports and exports, in the best interests of the Republic.

It therefore invites the Secretary General for Foreign Trade, the General Directorate of Customs and Excise (DGDA), the Congolese Control Authority (OCC), the General Directorate of Migration (DGM) and the Directorate of the National Programme for Border Hygiene (PNHF), each in its own right, to comply with these provisions and to ensure their prompt implementation.

Emilie MBOYO

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