Revised ‘war budget’ shows DRC grappling with higher military costs and tax shortfall

Revised ‘war budget’ shows DRC grappling with higher military costs and tax shortfall

IMF cites closure of revenue collection offices in areas controlled by the M23 rebels as strain on DRC finances

Congo struggles with military costs and tax decline amid conflict

Congo is facing rising military costs and a significant tax shortfall, as a revised wartime budget reveals the strain caused by ongoing conflict with Rwandan-backed rebels. The M23 rebels have taken control of large portions of the country’s eastern borderlands, further exacerbating the country’s fiscal challenges. The International Monetary Fund (IMF) recently highlighted the toll the war is taking on public finances, noting the closure of reve…