DRC: The Ministry of Finance is trying to clarify its position on its cash flow plan

Text by: RFI Follow

The document drastically reduces forecast spending. And following the fears expressed by certain members of civil society regarding the execution of the ambitious program of Félix Tshisekedi, the Ministry of Finance puts into perspective and calls for calm.

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Immediately, Vincent Ngonga Nzinga, chief of staff to the Minister of Finance, explains that the cash flow plan published by his ministry is not to be confused with the 2020 budget voted by Parliament.

And he does not rule out publishing other plans during the year. “ It is dynamic, it is adjustable, it can be revised at any time, depending on the economic situation. "

It also explains the drop in forecast revenue largely due to slower international economic growth. " This is not the only explanation, but for small open economies like the DRC, it is already a decisive explanation, because the bulk of the growth in developing countries is driven by international demand. "

And to go up the slope, despite the vagaries of the international context, the Ministry of Finance is counting in particular on a possible improvement in the prices of raw materials and especially on the establishment of the recipe chain, by computerizing all the phases of the revenue collection.

However, it is estimated that this device will not be operational until around June.

Besides this possibility, the government is also counting on other niches such as the mobilization of professional tax on remuneration which now includes the public sector.

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