On a year-to-date basis, the cash position of the Government of the Democratic Republic of Congo shows a cumulative cash deficit of 393.7 billion Congolese francs (CDF), or approximately 138.2 million USD as at November 6, 2024.
This deficit is the result of a disparity between government revenues and expenditures, which stand at 22,207.1 billion CDF and 22,600.8 billion Congolese francs (CDF) respectively.
This situation highlights the economic challenges facing the Congolese government.
Despite efforts to mobilize financial resources, expenditure continues to exceed revenue, creating pressure on the State’s cash position.
Experts are concerned about the potential impact on public services and economic development.
Recent data from the Central Bank of Congo (BCC) reveal that November could be a particularly difficult month.
The government is forecasting revenue of around 2,525.7 billion Congolese francs (CDF) for the month, while expenditure is expected to reach 2,830.8 billion CDF. This suggests a further deficit for the current month.
Current expenditure accounts for a large proportion of public finances, underscoring the need for rigorous management. Civil servants’ salaries and institutions’ operating costs weigh heavily on the budget.
Indeed, current expenditure has already exceeded forecasts.
Economic analysts emphasize the importance of better management of public resources to avoid a worsening of the deficit. Structural reforms are needed to optimize tax revenue collection and reduce non-essential expenditure.
The DRC’s fragile economic context further complicates the situation.
Dependence on mining revenues and fluctuations in commodity prices have a direct impact on public finances, making budget planning even more complex.
To meet these challenges, the country’s government must also enhance transparency in its financial management. Clear communication on the state of public finances could help restore public confidence and foster constructive dialogue on the solutions to be implemented.
Mitterrand MASAMUNA