9 August 2018

Angola: Economic Commission Evaluates Public Investment Programmes

Uíge — The Economic Commission of Cabinet Council is meeting Thursday to analyse several Public Investment Programmes (PIP) included in the 2018 State Budget for the northern provinces of Uige, Malanje, Cuanza Norte and Zaire.

Under the President João Lourenço, the session is evaluating documents contained in a memorandum on the implementation of the programmes for the four provinces.

Due to the economic crisis in the country, since 2014, this year's PIP is set to cover the funded projects.

This year's PIP covers a total of 1,893 projects, with a planned value of 890.12 billion kwanzas.

Of this amount, 704.15 billion kwanzas is secured by treasury resource.

In addition to PIP, the session is analysing a report on the execution of national treasury's financial programming for second quarter of 2018.

The Commission is expected to released a press release containing the conclusion of the session.

The Economic Commission of Cabinet Council deals with the macroeconomic agenda of the Executive and ensuring the guiding of macroeconomic management.

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