Africa-Press – Angola. The General State Budget (OGE) for the 2024 economic year, which began to be implemented as of this Tuesday, provides, among other measures, for the reduction of the public debt ratio to 69.2% of the Gross Domestic Product (GDP).
The OGE for this year, which foresees revenues and expenses set at more than 24 billion kwanzas, also foresees an increase in the Labor Income Tax (IRT) exemption threshold from 70 to 100 hundred thousand kwanzas, an adjustment of 5 % of the Civil Service salary, as well as the operationalization of the National Employment Fund with ten billion kwanzas.
In a press release, the Ministry of Finance also states that budget execution rules provide that the Minister of Finance may authorize Budgetary Units to use their own revenue collected to carry out public investment expenses.
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