Africa-Press – Angola. The President of the Republic, João Lourenço, said, this Monday, in Luanda, that the ratio of public debt and Gross Domestic Product (GDP) registered, in two years, a reduction of 70 percentage points.
When presenting the Message on the State of the Nation, at the National Assembly, the Head of State indicated that in 2020 the aforementioned ratio was 139.6%, having decreased to 87.9% in 2021 and 69.9% in 2022.
He recalled that the Public Finance Sustainability Law, approved in 2020, aims to reduce the public debt ratio, in relation to GDP, to a value equal to or less than 60 percent.
According to the President, the country is thus carrying out responsible and sustainable public debt, directed towards public investment, which generates wealth.
João Lourenço made it known that Angola has been able to “honor its commitments, which is why creditors continue to trust”.
“Our net international reserves are at 14.1 billion US dollars, which guarantees imports for a period of at least seven months, which gives us some comfort”, he considered.
The Head of State said that the country continues to promote measures to broaden the tax base, so that the national tax system is fairer and more balanced.
He made it known that Angola has progressed in the number of taxpayers, from 4 million 165 thousand 235, in 2019, to 6 million 4 65 thousand 110 taxpayers, in 2022.
For More News And Analysis About Angola Follow Africa-Press
