Africa-Press – Angola. The Cabinet Council, under the guidance of the President of the Republic, João Lourenço, analyzed on Monday in Luanda the General State Account for the 2024 financial year, before its submission to the National Assembly.
According to the final statement of the meeting, economic estimates indicate a real strengthening of the national economy in 2024, with a growth rate of 4.4%, driven by a combination of 5.07% growth in the non-oil sector and a 2.84% recovery in the oil sector.
As a result of the impact on economic activity, the document reiterates that the unemployment rate reduced by 30.4%, with approximately one million jobs created.
The national inflation rate at the end of 2024 stood at 27.05%, while the exchange rate remained stable, remaining around AOA 800.00 for several months.
The General State Account also includes domestic and foreign debt issuance transactions, as well as public debt service and outstanding debt for the period in question, reflected in the Annual Debt Plan balance sheet.
The document presents in detail the net value of the State’s assets, highlighting acquisitions, amortizations, and deductions made during the period, and outlines the State’s budgetary, financial, and asset position, reflected in the budgetary, financial, and asset balance sheets, and the statement of changes in equity.
In the public business sector, the document presents in aggregate form the equity position of public companies, as well as the State’s holdings in Brazil and abroad. It also addresses the results of the Privatization Program (PROPRIV) and details State subsidies in various sectors of the economy.
In relation to this sector, in the period under review, the State’s portfolio of companies and holdings in the country covers a total of 87 companies, of which 57 are public companies, 24 are public domain companies and 6 are minority holdings, and for the purposes of aggregate assets, only public companies and companies with active public domain and full activity were considered, from the universe of 779 companies subject to the provision of accounts.
Regarding budget execution performance, revenue collected during the 2024 budget period totaled approximately 25.31 trillion kwanzas.
The General Account is the State’s main financial reporting document that presents the macroeconomic and fiscal strategy implemented by the government during the period under analysis.
It demonstrates revenue collection and expenditure execution across various types and categories, as well as the economic and social impact of the 2024 State Budget.
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