Angola: Salary Increase Policy Contributes to Savings Incentive

Luanda — The economist Osvaldo Luís da Silva said Friday in Luanda that all policies aiming to increase wages contribute to encourage more and more families to have savings culture, being their main source of income.

Speaking to Angop on the purpose of the theme "The culture of savings and the bank financial activity," Osvaldo da Silva mentioned that it is only possible to have savings where there is an income, because savings are all spare cash which is not spent on consumption.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.