14 February 2013

Angola: 2013 State Budget Reflects Country's Strategy - MP

Photo: Vanguard
Budget 2013

Luanda — The chairman of the National Assembly (Angolan Parliament) Economy and Finance Commission, Manuel Nunes Júnior, said the State Budget for 2013 approved Thursday in Luanda reflects the country's great strategies.

Manuel Nunes Júnior was speaking to the press at the end of the Parliament session that approved the State Budget for 2013.

According to him, "in this moment, from the economic point of view, the great strategic lines mean turning the non-oil sector into the centre of the country's economy."

The MP further explained that this means to turn the non-oil sector into the one that produces more jobs, boosts internal production and thus reduces imports, mainly of consumer goods."

The economist said that in importing, the country is financing the creation of jobs in other nations than Angola, whereas the intention is to create more jobs locally.

Manuel Nunes spoke of the need for more investment in the local production, support for local businesses in order to make the Angolan economy self-sustained from the point of view of its production.

The State Budget for 2013 makes provisions for revenues and expenditures of 6.6 trillion Kwanzas.

With 155 votes in favour, 38 against and five abstentions, the approval of the State Budget followed debates attended by the minister of State and head of the Civil Affairs Office to the Presidency of the Republic, Edeltrudes Costa, in his capacity as representative of the Executive and Cabinet members.

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