The government will indeed table an amending finance law for the 2022 financial year, confirmed the Minister of Finance, Nicolas Kazadi, in a program on Radio Top Congo FM broadcast on Sunday September 11, 2022.
According to the national treasurer, this collective budget for 2022 is justified by the fact that at the end of August 2022, the government had already mobilized 88% of financial resources internally. Therefore, according to projections by Nicolas Kazadi, the financial authorities could achieve up to 150% of revenue internally by the end of this year.
For 2023, the Sama Lukonde government is preparing to submit an ambitious draft budget of 14.6 million USD. In Congolese francs, it is 29,511.1 billion, an increase of 32.6% compared to the finance law for the 2022 financial year which was calculated at 22,253 billion.
This draft 2023 budget is based on the following macroeconomic indicators and aggregates: GDP growth rate of 6.7%; a GDP deflator rate of 9.8%; an average inflation rate of 8.9%; an inflation rate at the end of the period of 6.8%; an average exchange rate of 2,021.9 FC/USD; an end-of-period exchange rate of 2,034.87 FC/USD and a nominal GDP of 151,553.43 CDF.
The amending finance law, or collective budget, makes it possible to modify a set of provisions of the initial finance law during the year.