Africa-Press – Angola. The Minister of Finance, Vera Daves, ruled out, this Friday, the revision of the General State Budget (OGE) 2023, budgeted at more than 20 billion kwanzas (Kz).
Being in the eighth month of the year, the Executive, according to the head of Finance, is opting to captivate expenses, while the team works on the elaboration of the 2024 State Budget
. , a deficit of around 7.4 billion kwanzas or 10 billion dollars (8.9 billion euros), according to projections recently presented by the Government.
These projections result from the analysis carried out by the Ministry of Finance on the execution of the General State Budget (OGE) 2023, which assumes the price of a barrel of oil at USD 75, a production of 1 180 thousand barrels per day and an execution of 20 billion kwanzas.
In the meeting that Vera Daves had with journalists, in the traditional “press breakfast”, she said that the OGE 2024, whose instruction has already been approved by the Council of Ministers, will be prepared based on a set of effects to be defined, either on the revenue side or on the expense side.
“We have already asked for the captivation proposal to be scheduled and a set of adjustments was recommended”, said the Minister of Finance, maintaining that the proposal is once again being analyzed by the Council of Ministers.
This process, he added, will allow the Executive to gain time, while working on the 2024 State Budget proposal.
With creditors, especially local banks, dialogue continues in order to find solutions that allow extending maturity and lowering the cost of debt, so that, progressively, the “pressure” on debt treasury is also reduced.
” All this is an exercise that is not easy if at the same time we have to carry out a series of infrastructure projects that citizens need and that will bring a new debt “, points out Vera Daves, who observes a certain pressure from ” re-enter” the debt scenario.
Therefore, she considers that the exercise should be for everyone to carefully define projects so that the Executive takes on debt within the limit of what is necessary, with actions that help to leverage the economy.
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