Africa-Press – Angola. The Economic Commission of the Council of Ministers approved, this Tuesday, the Financial Programming of the National Treasury, referring to the 1st Quarter of 2023, a document that contains the projections of the inflows and outflows of financial resources for the period in question.
The communiqué from the session, chaired by the President of the Republic, João Lourenço, informs that the document also contains revenue assumptions and operations with a direct and indirect impact on treasury.
The National Treasury’s Financial Programming also includes financial operations and an approach to the risks involved in carrying them out.
Still in the financial domain, the Executive’s economic team was informed about the documents of the National Bank of Angola (BNA), with emphasis on the Proposed Amendment to the Notice on Invisible Private Currents.
The aforementioned instrument establishes the rules and procedures to be observed when carrying out foreign exchange operations by natural persons, residents and non-residents.
According to the communiqué of the meeting, one of the objectives of the diploma is to grant greater flexibility to the carrying out of foreign exchange operations by natural persons and greater responsibility on the part of the Financial Institutions intermediary of the operations.
In yesterday’s session, the Economic Commission also endorsed the Proposal for a Notice on the Exchange Rate Regime Applicable to the Mining Sector.
This is an instrument that extends and updates the rules to regulate foreign exchange operations by entities active in the sector.
The Proposal for a Notice on the Exchange Rate Regime Applicable to the Mining Sector aims to provide greater competitiveness in attracting direct national and foreign investment to the sector, as well as allowing for its growth and development.
Combating money laundering
The Angolan Executive’s economic team approved, also the National Strategy and the General Lines of the Action Plan for Preventing and Combating Money Laundering.
The strategy also covers the Action Plan against the Financing of Terrorism and Proliferation of Weapons of Mass Destruction.
The document defines the strategic orientation and national coordination for the implementation of measures of a preventive and repressive nature to combat these phenomena.
The diploma is intended to protect the stability and integrity of the financial system and the country’s internal security, as well as to promote sustainable economic development.
Fines and misdemeanors in public contracts
As for fines and contraventions in public contracts, the Economic Commission approved a diploma that defines the procedure for collecting and disposing of fines resulting from these acts.
The diploma in question aims to ensure greater effectiveness, efficiency and practical applicability of the Public Procurement Law.
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