Angola economic commission analyses country’s macroeconomic situation of country

Cabinet's Economic Commissions meeting Cabinet's Economic Commissions meeting

The Economic Commissions and for the Real Economy of the Cabinet Council analysed on Wednesday the memorandum on the macroeconomic situation of the country, in a session chaired by the Angolan Head of State, José Eduardo dos Santos.

The document, which makes an accurate diagnosis of the underlying causes of the adverse moment faced by the country, outlines the economic outlook for the coming months.

According to the final communiqué of the meeting, the memorandum on the macroeconomic situation underlines the progress until the moment of the main indicators of fiscal, monetary and exchange nature.

The meeting, 1st extraordinary of the current year, approved the proposal of the Cash flow Plan of September 2016, which contains the projection of inputs and outputs of the financial resources with direct impact on the treasury in the aforementioned period.

Finally, the commission approved the spending limits for the preparation of the 2017 State Budget, having obtained the necessary contributions by the budget office holders who, in turn, will facilitate the respective adjustment that must be done under the preparation process.

The Economic Commission of the Cabinet Council is tasked to deal with the macroeconomic agenda of the Executive and ensure the conducting of macroeconomic management in line with the economic objectives and priorities of the Angolan President’s Governance Programme.

On its turn, the Commission for the Real Economy of the Cabinet Council is the technical support body for the Head of the Executive Power in the formulation, implementation and conducting of development policy in the manufacturing sector.

It ensures the management of the production and business development, in line with the objectives and priorities of the productive sector, is part of the Angolan President’s Governance Programme.

Source: Angop