IMF says $10bn Congo budget unrealistic as mining slows

The International Monetary Fund (IMF)said the Democratic Republic of Congo’s proposed $10.2-billion budget is “unrealistic,” amid slowing output from the country’s copper and cobalt mines. The government is seeking a budget of 16.9-trillion francs ($10.2-billion) next year, with revenue expected to climb 63% compared to this year. The IMF projects that Congo’s actual revenue this year will only be about $5.5-billion, including grants, and will rise to about $6.32-billion next year.