africa Agriculture Angola development Farming Tax

Angola: Family farming should be specialized – Economist

The family farming sector needs specialized support in order to successfully complete the National Development Plan (PND), which foresees a growth of 5.8 percent by 2022 the economist Afonso Chipepe told Angop in Luanda.

According to the economist this support also includes technical assistance, adequate use of seeds, fertilizers pest control, as well as the proper use of soils and the practice of irrigation.

By making an assessment of the agricultural sector, one of the main drivers of diversifying the national economy, Afonso Chipepe highlighted the fact that individual agriculture is responsible for 95 percent of the cultivated areas and more than 90 percent of production in the country.

The economist also stressed the need to create an agricultural fund to contemplate the risks concerning the periods of drought, pests and others that which men cannot prevent.

The National Development Plan is based on the control and improvement of the efficiency of public expenditure, the growth and increase of tax revenue (fee), thus allowing the solidity of the central bank’s exchange rate monetary policy.

The General State Budget (OGE) of 2018 provides for the agricultural sector 29 billion kwanzas, approximately 170 million US dollars, which represents 0.3 percent of total development expenditure in the sector.

Source: Angop

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