Africa-Press – Angola. The Executive is drawing up the 2023-2027 National Development Plan, a document that will establish strategic options for the country’s development, said yesterday in Luanda, the Minister of State for Economic Coordination, Manuel Nunes Júnior.
When speaking to the deputies of the 5th Commission of the National Assembly, he underlined that it will be based on the programmatic document where all financial management of the country will be carried out.
He explained that, despite the law establishing, in election years, the elaboration of the PND is done in 9 nine months, the Executive expects to conclude it in the first quarter of this year, emphasizing that the document will have three pillars, the first being the human development of the country, in essential aspects such as education, health, professional technical training and employment.
According to the official, the second deals with the expansion and modernization of infrastructures, with aspects related to water, energy, roads, ports, airports and other fundamental infrastructures for the country, while the third pillar is the need to intensify and accelerate the diversification process of the country’s economy.
Manuel Nunes Júnior defended the need to keep the country on the path of economic growth, resumed in 2022, after five years of recession.
“It is important that we do everything in our power so that we do not have a situation of recession again, although the situation in the international context is quite challenging. If we are not able to keep on this trajectory, with all the social problems that the country is experiencing, fundamentally unemployment, they will not be solved. It is fundamental to define the role of the State and the private sector”, he said.
He stressed that, in this turning process, the State must guarantee political stability, security and order in the country, macroeconomic stability, the necessary infrastructure for the country to develop.
“Everything else, we have to make the private sector the engine of growth and development in Angola. Since 2017, important advances have been made, and the internal and external accounts are balanced, with surpluses, since 2018. The foreign exchange market is working normally”, he highlighted.
The General State Budget for the 2023 financial year aims to safeguard the sustainability of public finances and reduce the structural fiscal deficit, with a non-oil primary deficit of 7.7% of GDP.
The 2023 OGE was prepared on the basis of an oil price of 75 US dollars per barrel and an oil production of one million and 180 thousand barrels per day.
For 2023, the Executive foresees a growth rate of 3.3%, as a result of the positive growth perspectives of the oil Gross Domestic Product (GDP), including gas production and non-oil GDP.
Speaking at the plenary session on January 13, during the reading of the message from the Head of the Executive Branch, Manuel Nunes Júnior, he said that an inflation rate of 11.11 percent is expected for the year 2023, noting that the Executive works so that in the next (years) inflation rates can be reached in a single digit.
For More News And Analysis About Angola Follow Africa-Press
