The Angolan government plans to reduce the number of public financial funds from 16 to five, within the framework of the restructuring program already approved by the Economic Commission of the Council of Ministers, for the optimization of management and public resources allocated.
Currently, there are around 16 funds under the supervision of State administration bodies, which in the next two and a half years will be merged or extinguished, thus allowing the coexistence with only five funds, according to the Finance Minister, Vera Daves, who, last week was speaking to the press at the end of the Council of Ministers.
These are funds such as the Credit Guarantee (FGC), Angolan Venture Capital Asset (FACRA), Support to Agrarian Development (FADA), Coffee Development in Angola (FDCA), Development Support of the Fisheries and Aquaculture Industry (FADEPA).
The list also includes the Youth and Sports Support funds (FAJD), Housing Development (FFH), Coca-Cola Project, Road (FR), Social Support (FAS), Environment (FNA), Communications Development Support (FADCOM) and the Sovereign of Angola, among others.
For the optimization of management and public resources allocated to State funds, the government approved the Public Funds Restructuring Program, as an instrument that contributes to the optimization of management and public resources allocated to State funds.