Luanda — The Cabinet Council, held on Wednesday in Luanda its 1st Ordinary Session of 2013, under the guidance of the President of the Republic, José Eduardo dos Santos, analysed the norms that regulate its activity and contribute to better coordination amongst the various departments that comprises the Executive.
Angop learnt that the norms include the Annual Implementation Rules of the State Budget, Preparation Process Regulation, Implementation and Monitoring of Public Investment Programme and Procedures for the materialization of the Executive deliberations.
According to a press release issued at the end of the meeting, the standards analysed by the Cabinet include the Executive Decrees approving the Instructions for drafting the Balance Report of National Planning Instruments.
It also includes the Procedures for the Evaluation of the Implementation pace of the Ongoing Projects of the Public Investment Programme for 2013, from public investment programs prior to 2009.
The Cabinet Council also approved the Financial Programming of the Treasury for the first quarter of 2013, as an operational tool for the implementation of the State Budget.
The document states that the expected revenue for this period (first quarter) corresponds to about 22% of the revenues of the state budget, of which 75% is from oil sector, while expenditures account for about 16%.
Regarding the expenditure area, the note informs that about 29% of this amount is destined for the capital expenditure, 23% personnel costs, 20% of expenditure on goods and services, 14% subsidy 9% to debt service and 5% for the current transfers.