Angola Reserve bank announces family budget management strategy

The Angola Reserve Bank (BNA) will continue developing strategies that contribute to a more efficient family budget management and reduce the financial resources in the informal sector.

This was said on Monday in Luanda by the BNA deputy- governor, Suzana Monteiro, during the opening ceremony of the Week of Savings taking place in Viana municipality from 30 October to 5 November.

According to the official, the accomplishment of this requires a more efficient and active financial education on the part of economic agents, thus avoiding the delivery of deregulated, unsupervised and unsafe financial services.

Suzana Monteiro also said that in saving, families are in fact wishing a better future, which is an important attitude that benefits them individually and collectively.

She added that this families’ attitude contribute to reduce poverty, increase future living conditions and secure access to better education, medical assistance and the country’s economic growth.

“The habit  of saving shows the responsibility that individuals have for their outlined goals, enabling them to plan, develop projects and to be protected against unexpected events, besides providing greater discipline, tranquility and stability to the present and future of the families,” stressed the official.

According to her, increasing saving levels allows the channeling of funds for financial investment and development of sustainable economic activities that contribute to achieve the country’s economy diversification goals.

The Week of Savings taking place under the motto “Savings and safely investing” is part of the celebrations of the World Savings Day, 31 October and the 41st anniversary of BNA on 5 November.

Source: Angop

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