Africa-Press – Angola. Finance minister Vera Daves de Sousa reaffirmed, in Luanda, the Angolan government’s continued commitment to the proactive management of public debt, through the pursuit of cheaper Treasury financing to help eliminate more expensive commercial financing.
Speaking at the 5th edition of the “Economia 100 Makas” talk show programme, the Finance minister stressed that, faced with the country’s economic and social challenges, the strategy has been prudent and responsible borrowing, aligned with international practices, always rejecting proposals exceeding the country’s repayment capacity.
At the time, she recalled the downward trajectory of government debt in relation to Gross Domestic Product (GDP), which decreased from 69.2% in 2021 to 50.51% in 2025.
She noted that in 2025, the stock of overdue debt decreased to USD 2.77 billion, registering a 2.33% reduction driven by a faster pace of payments and settlements than new certifications.
To continue maintaining sustainable management, she pointed to the elimination of oil-backed debt, the reduction of domestic instruments indexed to foreign currency, the lengthening of the debt steeping and of the concessional debt.
She also added the adoption of the Medium-Term Debt Strategy, reinforcement of transparency in public debt management, in addition to the implementation of a prudent debt strategy for investment projects.
According to Vera Daves, this year’s General State Budget (OGE) foresees the regularization of arrears amounting to approximately USD 435 billion, equivalent to 6% of the total value of domestic market revenue.
The talk show programme, which was attended by an audience composed of representatives of the diplomatic corps accredited in Angola, the legislative and judicial representatives, and the academic community, the minister outlined the priorities for strengthening public finances.
Among these, she mentioned reinforcing control and efficiency in expenditure, combating tax evasion, revising the Basic Law of the National Planning System, the Framework Law of the General State Budget (OGE), and accelerating the reform of the public business sector and public funds.
In the chapter on public business sector reform, she highlighted the reduction of the State’s presence and segregation of tasks, redefining governance, reducing uncertainty in budget execution resulting from the impact of the implementation of fiscal risks, and improving the quality, transparency, and timeliness of companies’ financial information.
Vera Daves also focused her views on improving the quality of expenditure, addressing reforms to subsidies, expenditure control mechanisms, improved public procurement procedures, among other measures.
The “Economia 100 Makas” talk show is organized by journalist and economist Carlos Rosado de Carvalho, in partnership with Rádio MFM. It is a space for reflection and debate on structuring themes of the Angolan economy, politics and society, bringing together members of civil society and elites from different segments who participate both in person and online.
The 5th edition of this program focused on the theme “OGE 2026, Businesses and Families”.
