Fiscal policy and economic growth in the DRC

In the current context of fiscal consolidation in the Democratic Republic of Congo (DRC), and in line with thinking on the factors of growth in developing economies, it is appropriate to consider the role of public spending in achieving growth in the DRC.The purpose of this study is to investigate the effects of the "public expenditure component" of fiscal policy on economic growth in the DRC over the period 1985-2015.Empirical estimates show that external debt has no significant impact on Congolese economic growth, and that operating expenditure has a positive but insignificant impact on the country's wealth creation;Public investment expenditure has a positive impact, mainly in the long term, on economic growth, while corruption significantly undermines growth.