Angola: Parliament Passes Quarterly Execution Balance of Revised Budget

Luanda — National Assembly approved the resolution on the implementation of the Revised State General Budget (OGE) in the fourth quarter of 2020 and recommended the Executive to improve the instruments for assessing public accounts.

The resolution was approved with 129 votes in favour, 39 against and no abstentions.

The MPs recommended the Executive to continue speedup the activity in non-oil sector and provide a higher level of collection of non-oil tax revenues, without harming the rationalisation objectives and efficiency of public expenditure policy.

They also encouraged the Government to continue implementing Support Production, Export Diversification and Import Substitution Programme (PRODESI), in order to mobilise a greater number of non-oil tax revenue collections.

Presenting the Balance of Execution Report for the 4th Quarter of the Revised Budget 2020, the Secretary of State for Finance, Aia Weza da Silva, stated that, in terms of expenditure by function, the social sector topped the list, followed by defence and security and economic affairs.

She added that the execution of capital expenditure was mainly expended on the Public Investment Programme, with stress to the energy and water and transport sectors. The official said there was an issue of domestic debt of 1,267 billion kwanzas ( kz).

"We had a debt service of more than 1.9 billion kwanzas", Aia Weza da Silva said

As for external debt, she put the disbursements at approximately AKz 183 billion, less than the executed projects worth AKz 570 billion.

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