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DRC : State Budget 2019 executed at 19% in revenue and 21% in expenditure at April 19th

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DRC: State Budget 2019

The State Budget for the 2019 financial year was executed at 19.4% in revenue and 21.8% in expenditure. In absolute terms, this represents respectively CDF 1,867 billion ($ 1.138 billion) and CDF 2,094 billion ($ 1.277 billion) on a balanced forecast of CDF 9,604 billion (or $ 5.856 billion).

Revenue, execution rate 19.4%

According to the condensed statistics of the Central Bank of Congo (BCC), the bulk of revenue (813.74 billion CDF representing 20.3% of annual assignments) were collected by the Directorate General of Taxes (DGI).

DRC: State Budget 2019

Then comes the Directorate General of Customs and Excise (DGDA) which was able to capture 591.10 billion CDF and achieving 22.3% of its annual budget assignments.

For its part, the DGRAD collected CDF 387.97 billion as of April 19, 2019. Its implementation rate, compared to its budget assignments, represents 32.1%.

Expenditure, implementation rate 21.8%

With regard to expenditure, it can be seen that 21.8% of annual expenditure has already been consumed during this period.

Compared to the assignments of the year, the rate of execution of the « remuneration » heading shows 26.7%, that of the « Public debt » is 9.5% and that of « Grants and Transfers to the provinces » is is 8.8%.

DRC: State Budget 2019

Expenditure related to operating expenses was 42.8% as of April 19, 2019, while « Urgent Expenditure » is already equal to half of the total « Remuneration » for the same period. Exceptional expenses are CDF 72.035 billion. This amount tends to be close to double the amount covered for the « external debt » amounting to 39.97 billion CDF.

Excess balance of CDF 243 billion

If on April 19 there was a negative balance of CDF 227.58 billion, the month of April ended with a surplus of CDF 243 billion. And this, thanks to the recovery of revenue related to the tax deadline.

DRC: State Budget 2019

According to Kasongo Mwema, the head of state’s spokesman, the finance and budget ministers, and the governor of the central bank reported on the economic and financial situation to the president of the republic last Monday. .

It emerged that the budget line of the Presidency of the Republic knows no explosion of expenditure.

« According to these specialists, stability is explained by the fact that there was actually a two-month deficit in January and March. But there was a surplus in February and April. And above all a surplus that revolves around 243 billion (Congolese francs) and which has therefore allowed to absorb all the deficits that have occurred in other months », reassured the spokesman of Felix Tshisekedi at Radio Okapi.

Eric TSHIKUMA

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DRC : Tenders for tailings storage works at MMG Kinsevere

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PUBLIC NOTICE – MMG Kinsevere SARL hereby announces to the public within the Democratic Republic of Congo that the following tenders are currently being prepared and finalised for future works to be undertaken at the Kinsevere Mine site.

 

 

 

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DRC: Launch of Tender for Laboratory Services At MMG Kinsevere

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MMG Kinsevere SARL hereby announces to the public the launch of the tender for Laboratory Services for Mining and exploration.

All intertested and qualifying entities need to submit their respective company files as per the below list of requirements detailing their expression of interest for the above tender by no later than 10 March 2021.

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DRC: Launch of tender for exploration drilling at MMG Kinsevere

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PUBLIC NOTICE – MMG Kinsevere SARL hereby announces to the public within the Democratic Republic of Congo the launch of the of tender for Exploration Drilling

All interested and qualifying entities need to submit their respective company files as per the below list of requirements detailing their expression of interest for the above tender by no later than 03rd of March 2021.

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