The announcement of the convertibility of the CFA Franc to the Chinese Yuan has had diverse interpretation in Congo as well as in other French colonies using the CFA Franc as currency.
The new Minister of Finance, Budget and Public Portfolio, Calixte Nganongo does not hide his ambition of dictating a new management style at the helm of his ministerial department.
After carrying out the « Master’s Tour » on the 25 July 2016 at the headquarters of his Ministry, Calixte Nganongo, Minister of Finance, Budget and Public Portfolio started a series of surprised visits to the Brazzaville Public Treasury.
In order to understand the working conditions of services under his command and after about four months at the helm of the Ministry of finance, budget and public portfolio, Calixte Nganongo, accompanied by members of his cabinet, on Thursday 1 September visited the Directorate of Customs and Indirect taxes in Brazzaville. This came after a similar visit some weeks ago to the Directorate General of Public Treasury.
The two houses of parliament, the National Assembly and the Senate, successively adopted on the 4 and 5 July 2016 during a plenary session at the Palais des congrès, in Brazzaville, the amended bill on the rectified State budget for 2016. Set by the government at 3.776 Billion 169 Million CFA Francs, the budget was actually adopted by the two houses of parliament at 3.623 Billion 11 Million CFA Francs.
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