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Posted on
24.07.2018 at 11:18
by
APA News
Congo's fiscal resources, boosted by the sale of petroleum products, which are close to 57.5% of production, are expected to reach 2,077 billion 900 million FCFA in 2019, an increase of 29.7% compared to the projections of 2018 estimated at 1602 billion 600 million FCFA, said the Congolese Minister of Finance and Budget.Calixte Ganongo made a communication on the medium-term budgetary framework 2019-2021, at a meeting of the government of which The conclusions were made public Tuesday in Brazzaville.
Talking about the projections of budgetary resources and expenditures for the period 2019-2021, the minister pointed out "The budget resources would evolve into unevenness at an average annual rate of – 2.7%. They will stand at CFAF 2,077 billion 900 million in 2019, up 29.7% from 2018. This projection is based on the expected increase in cargo sales (57.5%). "[19659003] "In 2020, this revenue would fall to 2 022 billion 900 million FCFA and 1 965 billion 500 million FCFA in 2021," said Ganongo.
Taking stock of the implementation in the first quarter of budget 2018 and its estimate at the end of December 2018, the minister recalled that the budget resources planned for an envelope of 1 602 billion 600 million CFA francs were mobilized to the tune of FCFA 291 billion as at March 31, 2018, ie 18 , 2% of forecasts
With the persistence of the poor economic situation in the non-oil sector, the rate of mobilization of budgetary resources at the end of December 2018 could be at a low level, that is to say around from 1,164 thousand CFA francs, an achievement rate of 72.6%.
These resources are mainly derived from taxes for 575 billion CFAF 200 million, followed by oil revenues for CFAF 448 billion.
State budget expenditure, on the other hand, amounted to 268 billion CFA francs in the first quarter of 2018, for an annual forecast of CFAF 1,383 billion 600 million, for a rate of 19.4%. [19659003] In view of the execution trend as of March 31, 2018, these expenditures are estimated at the end of December at CFAF 1,072 billion, a probable execution rate of 77.5%.
In 2018, the resources of cash flow would fall from 68.5% to 200 billion FCFA 200 against FCFA 635 billion in 2017. While cash costs would increase by 157.8% to 979 billion FCFA in 2018 against 379 billion FCFA 800 million. in 2017. Thus, it would result a financing gap at the end of 2018 of CFAF 559 billion 900.
He recalled that the medium-term budgetary framework 2019-2021 is part of the process of short and medium-term budgetary adjustment initiated in 2018 by the Government and the extensive public finance reform work undertaken by the Ministry of Finance and Budget to develop a strategy paper and action plan for the period 2018-2022.
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