The Largest Increase in Defense Funding, Less Money for only One Ministry
9 Articles
9 Articles
The government intends to increase funding for all ministries except one with this year's budget amendment, which is expected to be approved by the end of the month. The biggest increase will be in defense funding, by more than 230 million euros, according to the starting points for preparing the budget documents published by the Ministry of Finance on Wednesday.
The proposal targets a fiscal deficit equivalent to 2.97 % of gross domestic product, below the 3% limit set for 2027 in the Tax Social Responsibility Act.
It is subject to the approval of a tax reform for COP$30 billion and poses a reduction in the size of the budget against GDP.
Government settles General Budget 2027 for $575.6 billion Agency Period... Thu, 30/07/2026 - 06:23 Prioritizes social spending with a public investment of $90 billion and the maintenance of fiscal consolidation.
The Government of the Democratic Republic of the Congo plans to raise current government revenues to US$18 billion in 2027, against a projection of US$15.3 billion in 2026. This target was announced on 29 July 2026 in Kinshasa, at the opening of the budget conferences dedicated to the preparation of the preliminary draft of the...
Of that total, $90 billion is spent on public investment, while $367.6 billion is spent on operating expenses and $118 billion on debt servicing.
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