Saturday, July 9, 2011

DRC Fiscal situation


According to the Central Bank data, the DRC has registered a fiscal surplus of approximately USD 3 million in March after a deficit of USD 2 million in February. Both government revenues and expenditures have substantially increased in March. On the revenues’ side, this increase can be explained by the payment of the 3rd installments of corporate taxes which is due on the 31st of March each year. On the expenditures’ side, the increase is mainly due to an increase in civil servant salaries payment (+45%) and in State entities ‘functioning fees’ (+76%). Year to date, the government has earned USD 3 million more than it spends. 












Source: Central Bank of Congo

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