Auto Shows DRC: the government adopts a lower budget for 2021

07:50  18 october  2020
07:50  18 october  2020 Source:   rfi.fr

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The Democratic Republic of Congo ’s Council of Ministers will send parliament a draft budget for 2021 of 14.25 trillion Congolese francs (.2 billion), according to minutes of its meeting Friday in the capital, Kinshasa. The government worked with the International Monetary Fund on the budget as it

Issued by the Office of Management and Budget (OMB), the Budget of the United States Government is a collection of documents that contains the budget message of the President, information about the Browse the Budget for fiscal Year 2021 and previous editions of the Budget back to 1996.

Le Premier ministre de la RDC Sylvestre Ilunga Ilunkamba. © Presidency of the Democratic Republic of Congo The Prime Minister of the DRC Sylvestre Ilunga Ilunkamba.

It is worth 6.8 billion dollars. We are a long way from the 11 billion that were planned for this year 2020. This budget will now be sent to the National Assembly for examination and adoption. We are back to figures close to previous years.

With our correspondent in Kinshasa, Patient Ligodi

Government sources explain this reduction by the slowdown in the economy caused by the crisis linked to the coronavirus. The effects of this crisis, they say, will be felt more strongly next year. "Even improved governance and revenue mobilization do not allow for a more ambitious budget," said a minister.

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The FY 2021 budget supports the irreversible implementation of the National Defense Strategy (NDS), which drives the Department's decision-making in reprioritizing resources and shifting investments to prepare for a potential future, high-end fight. This budget resources four focus areas to build a more

The City Council adopted the Fiscal Year 2021 budget during its regular meeting on Wednesday, May 13. After several weeks of budget meetings and Departmental budget presentations began on Wednesday, April 1. At a workshop session, proposed budgets for the Executive, Finance, Planning

The other reason mentioned is the obligation to present a sincere budget to partners such as the International Monetary Fund (IMF). This year, IMF teams have been uncompromising with government experts.

In 2019 , the government presented a budget that was more political than technical, despite constant warnings from its international partners.

This time around, the IMF has made a realistic budget a condition for the DRC's access to the three-year support program, long awaited by the government.

In addition, the 2020 budget will be reviewed. It drops to 5.7 billion, a drop of 43.2% compared to the initial budget. An amending bill has already been submitted to the office of the National Assembly.

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