DRC’s Economic Committee Focuses on Price Stability and Fiscal Management
The Economic Situation Committee in the Democratic Republic of Congo (DRC) is actively working to stabilize prices, monitor the foreign exchange market, and enhance public finance management.
Following the recent meeting on November 6, 2024, Deputy Prime Minister and Minister of National Economy, Daniel Mukoko Samba, reported that goods and services markets show signs of stability, with inflation under control.
To maintain this stability, the government is enforcing strict budgetary discipline and enhancing revenue collection as the year-end approaches. To manage emergency expenses, the Ministries of Finance and Budget have been directed to provide a detailed cash flow plan.
To lower the cost of imported goods, a new partnership between the Ministry of Economy and the General Inspectorate of Finance (IGF) will introduce a tax credit for importers, reducing the prices of imported foodstuffs. The Ministry of Economy also plans to increase monitoring to prevent price speculation and promote transparency.
With these measures, the Suminwa administration aims to close the year with economic stability and set the stage for a prosperous 2025.
