The Minister of State in charge of the Budget, Pierre Kangudia launched, this Tuesday, July 2, 2019, the work of the seminar of budgetary orientation for the exercise 2020. These pre-budgetary consultations will have to allow the government of the Republic to acquire a realistic financial programming framework for its actions for the period 2020-2022.

All stakeholders in the budget process take part in this 72-hour meeting to exchange and define in a consensual manner, public policies and priority actions to be included in the Medium-Term Budget Framework (MTBF) 2020-2022, which will serve as a reference. for the drafting of the Finance Bill for the financial year 2020.

« This Medium-Term Fiscal Framework took into account the international and national economic outlook, the macroeconomic assumptions, the priority axes selected by the President of the Republic for his term of office and the 100-day Program, as well as sectoral strategies and priority actions. « Minister of State Pierre Kangudia said in his opening remarks.

MTB 2020-2022 Forecast

The Medium-Term Fiscal Framework for the next three years includes forecasts of the revenue and expenditure of the Central Government, the Provinces and the decentralized territorial entities and the financing needs that emerge.

In terms of revenue, their forecasts take into account in particular the impact of the effective application of the new Mining Code and Regulations, in terms of mining royalties, dividends on mining companies and taxes on profits and profits.

« They also take into account the expected good behavior of commodity prices and the continued growth of Congolese mining production. Added to this are the tax and administrative measures as well as the service effort of the Financial Administrations, which integrates measures aimed at combating tax fraud and tax evasion. The same is true of efforts to mobilize innovative resources, « said the Minister of State for the Budget.

Moreover, the budget allocations reflected in the MTB 2020-2022, in terms of spending, are based on the priorities of the Head of State’s vision as reflected in his inaugural address and his 100-day program. These include the securing of the national territory; improvement of the social conditions of the population; the economic development of the country; and the protection of the environment.

According to Pierre Kangudia, « they take into account sectoral strategies and the imperative of financing the major reforms needed to improve the country’s governance, boost the economy and increase the well-being of the Congolese people.  »

The holding of these meetings is part of the PROFIT CONGO project. It is funded by the Finance Reform Steering Committee (COREF) and other development partners.

Emilie MBOYO