Africa-Press – Angola. The Economic Commission of the Council of Ministers recommended, this Wednesday, the immediate and effective implementation of measures to stimulate the economy and boost its potential within the framework of the recently approved economic diversification process.
According to the press release of the 6th session, led by the President of the Republic, João Lourenço, the recommended measures aim to increase domestic production of essential products of wide consumption, in order to reduce the general level of prices and the unemployment rate.
This Wednesday’s session approved the executive macroeconomic programming for the year 2023, which assesses the performance of variables during the first half of the current year.
The executive macroeconomic programming indicates the basic assumptions assumed for the projections of the real, fiscal, monetary and external sectors of the economy for the periods subsequent to the year 2023.
The Economic Commission considers that high risks to the performance of the national economy prevail, due to the current geopolitical situation and the reduction in oil production.
The communiqué adds that to these factors are added the measures to captivate capital expenditure, goods and services, as well as the increase in debt service as a result of the exchange rate change.
The Commission also approved the report on the execution of the General State Budget (OGE) for the second quarter of 2023, which presents the levels of revenue collection and spending by public bodies, reflected in the budget, financial, asset balances and in the demonstration of its variations.
The Executive considered that the implementation of the OGE in the second quarter brought benefits in the social and economic sectors, translated into a 60 percent increase in the population’s access to health services, a reduction in maternal mortality by 73.9 percent and in the incidence of transmission of the HIV/AIDS virus from mother to child by 10 percent.
The press note also indicates that the number of registered children increased from 668 thousand 608 to 911 thousand 972 and that 610 scholarships were awarded in all provinces.
The document points out that 613 thousand 246 families, out of one million and 71 thousand, benefited from monetary transfers.
The Council also approved a diploma that establishes measures to captivate OGE expenses for 2023, with a view to adapting public expenses to the current context of revenue collection.
The measure aims to ensure the sustainability of the public debt and reverse budget deficits.
The Board approved a Presidential Order authorizing the company RECREDIT to provide banking services, in general, in the recovery of bad loans, contributing to the stability and growth of the national financial system and the development of the country’s economy.
The meeting analyzed the creation of the Coordination Committee of the National Strategy for Financial Inclusion, which aims to encourage savings, finance the economy, reduce inequalities and improve the well-being of the population.
The report on the public business sector was also presented. The document indicates that in 2022, 92 companies were integrated, 92 of which are state-owned and 66 are private and 6 are minority public holdings.
For More News And Analysis About Angola Follow Africa-Press
