Based on information from the country's Central Bank, the government of the Democratic Republic of Congo only managed to mobilise 4575 billion fc (almost USD2.2 billion) of the 17225 billion fc (USD8.6 billion) it had planned, making up 26.6% of total revenue collected between January and August 2020.
Meanwhile expenditure by government during that same period came to 4837 billion fc (around USD2.4 billion), resulting in a budget deficit of 272 billion fc (USD136 million). On the positive side though, the deficit had decreased when compared to the USD168 million previously recorded
The largest portion of expenditure ,USD1.4 billion, went to settling civil servants salaries, which accounted for more than 60% of expenditure.
Operating costs of government institutions also consumed a bigger sum, taking USD255 million from the budget.
As far as borrowing is concern , government had used 28.1% (USD 113 million) of its credit facility between January and August 2020, whose annual credit line was set at USD 402 million.
Among the major contributors to the revenue generated by the state between January and August 2020, was the General Directorate of Taxes (DGI), injected USD 941 million (30.8%) to the national coffers. The General Directorate of Customs and Excise (DGDA) managed to mobilised USD546 million; with another USD362 million coming from the Directorate of Administrative and State Revenue (DGRAD). An additional USD48 million came from the country's oil production.
Despite the low revenue generated, local economists have commended the government's macroeconomic management structure and the monetary policy applied by the Central Bank, which eased expenditure and reduced budget deficit.
The coronavirus pandemic had impacted negatively on the Congolese economy, that relies heavily on mineral export.
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