Finances: the figures presented by the General Inspectorate of Finance on the situation of public finances as of July 28, 2023 are neither sincere nor credible
Following the press release from the General Inspectorate of Finance on the situation of public finances as of July 28, 2023, which are of the order of 12,691,647.5 Congolese francs at the 2021 budget rate, 12,343,816,518,698.00 francs expenses executed and 378,288,835,307.27 of excess balance.
The Center for Research in Public Finance and Local Development (Crefdl) expresses its concern about the situation of public finances in the Democratic Republic of Congo.
He also notes that the figures as presented are neither sincere nor credible.
Referring to the 2023 Finance Law, the financial authorities should mobilize $8.7 billion by the same date.
Compared to the receipts realized on July 28, 2023, there is an underperformance of $2.6 billion.
This assumes that there is no surplus balance in the Public Treasury and that the State coffers are almost empty.
To this end, CREFDL notes that the 2023 Finance Law is no longer in balance.
This is all the more so since expenditure of around $2.6 billion has not been paid since the beginning of the year 2023.
This is the case, for example, of capital expenditure on own resources evaluated at $1.2 billion.
Worse still, investments in provinces and ETDs were barely executed at around $2.7 million against forecasts of $725.2 million, i.e. an execution rate of 0.003%; the National Equalization Fund (CNP), it received no funds, on the linear forecasts of $ 440.5 million.
Which is a violation of article 181, paragraphs 2 and 3 of the constitution.
The cleaning of the payroll file can under no circumstances, according to the Crefdl, cause the delay in payment of the remuneration of public officials of the State, given that it is a permanent activity.
What the Crefdl proposes to the government
Faced with this situation, Crefdl invites the Government to: draw up an amending budget, in accordance with articles 26, 27, 18, 35, 77 and 80 of the law relating to public finances of the DRC in order to avoid the worst, to extirpate from the initial finance law of budget-consuming expenditure, prioritizing investment in the productive sector; ensure the appropriateness of public expenditure to avoid certain waste.
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*To Remind DRC / Felix etc