On January 8, 2018, the Minister of Finance and Budget , honourable Calixte Nganongo submitted the finance Act bill for 2018 before the 132 senators meeting since last January 5 for their second extraordinary session of the third legislature.
On Saturday, December 23, 2017 at Palais des Congres in Brazzaville, the third senate legislature, meeting in budgetary ordinary session since last October 15, devoted a plenary session to the review and adoption of five items, among which : review and adoption of the report nº 6 of the Economic and Financial Committee of the senate relating to the bill on the amended finance law for the year 2017 and that of the reportnº 5 of the same Committee on the review of the bill on the final state budget regulation Act for the year 2016.
On Wednesday, December 20, 2017 the National Assembly met for its budgetary ordinary session at Palais des Congres in Brazzaville. The session started last October 15, 2017 and was devoted to the review and adoption of five items, among which : review and adoption of the reportof the Economic ,Financial and budget execution control Committee on the amended finance Act bill for the year 2017 and that of the report of the same Committee on the review and adoption of the bill on the state budget regulation Act for the year 2016.
Among the items on the agenda of the session held on December 18, 2017 and devoted to the hearing of honourable Calixte Nganongo, Minister of Finance and Budget in the Economic, Financial an budget execution control Committee of the national assembly, there were also the bill on the amended finance Act for the year 2017, the proposed budget for the national assembly for the year 2018 and the regulation Act bill for the year 2016.
The Minister of Finance, Budget and Public Portfolio successively presented the 2017 draft budget and finance bill to members of Parliament and senators on November 4, 2016. This bill comprises, on one hand, a general balanced budget in income and expenditure of 2729 Billion 329 Million CFA Francs, as against 3608 Billion 729 Million CFA Francs in 2016, a 24.37% decrease, and on the other hand, a balanced State budget In income and expenditure of 2744 Billion 77 Million CFA Francs, as against 3623 Billion CFA Francs in 2016, representing a decrease of 24.26%.
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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