Africa-Press – Angola. The Savings and Credit Bank (BPC) and public funds (FACRA, FGC, FADA) will receive 382 billion kwanzas next year to continue to boost the process of granting credit and public guarantees to entrepreneurs.
The data was released by the Minister of Finance, Vera Daves de Sousa, during the presentation, on Thursday, of the proposed General State Budget – OGE/2025.
In 2024, public funds have already been reinforced by more than 100 billion kwanzas, to boost economic activity and accelerate the diversification process.
Regarding the capitalization of the National Employment Fund, in 2025, an additional 25 billion kwanzas will be allocated so that this strategic segment of the Government can fulfill its mission of participating in the dynamization of the economy.
The Secretary of State for Public Investment, Ivan Marques dos Santos, recalled that there is currently a line of 48 billion kwanzas available in the Credit Guarantee Fund (FGC) for which companies have not yet submitted any requests. In this sense, he announced the mobilisation of a further 80 billion, by 2026, so that national companies can actively participate in the process of diversifying the economy.
Financial Education
Economist Abraão Hungulo called for financial education among the population as a way of making each measure adopted by the Government more effective and, on the other hand, questioned the reliability of the data regularly presented by the National Statistics Institute (INE), as they almost always contradict reality.
In response, the ministers made it known that, on the side of the financial education process of the populations, related entities continue to work. In relation to the INE, the Government, through the Minister of Planning, Victor Hugo Guilherme, reaffirmed the independence of the organization and non-direct interference in its actions, which often results in discrepancies in data between the two, although there is cooperation.
Land in the central areas
In 2025, the Government will make land adjacent to the country’s built centres available to the public, as part of the measure to create new housing units (directed self-construction) and other social services.
This initiative is part of the measure to boost certain economic sectors that generate added value and, above all, are linked to the focus on combating unemployment.
Financing from the World Bank should support the Government’s plan to develop infrastructure on land across the country and make it available to the population.
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