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Friday, 27 November 2020

ANGOLA: 13.4 BILLION SET ASIDE FOR ENDEMIC DISEASES - EXECUTIVE

 The minister of Finance, Vera Daves, assured last Thursday, in Luanda, that the General State Budget (OGE) for the coming financial year sets aside, for great endemic diseases, an amount of 13.4 billion kwanzas (US $ 20.7million) and an additional 142 billion kwanzas (US $ 218.1million) for possible purchase of Covid-19 vaccines.

Vera Daves,  Ministra das Finanças


The official, who was speaking at the National Assembly in the ambit of the analysis, discussion and voting n the OGE for the 2021 financial year, said she took good note that parliamentarians have already internalized the awareness that there is little room to make the budget grow without aggravating the pressure on public accounts.

She clarified that what managers are asked to do is restructure their form of management, taking into account that there is little fiscal space and limited financial resources to meet the expectations.

The Executive recognizes the importance of dialogue with the social partners, within the current procedures, in the preparation of the OGE, which this year was reviewed.

She added that the situation with Covid-19 made the timings more challenging for the economic team and, therefore, procedures that had already been established were not fully implemented.


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