Angolan minister of Finance Vera Daves said last week that the great stride made to restructure and consolidate the public finance has produced positive and expansionary effects on the country’s economy.
According to Vera Daves, the results are already felt and should be much more evident in the medium and long term.
Speaking at the opening of the XII Consultative Council of the Ministry of Finance in Luanda, Vera Daves warned not to ignore the threats that are again hovering over the international context and which “can affect Angola in terms of food security.
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Despite this scenario, she assured that public investment will tend to grow, without however revealing the figures.
“It is important that these public expenditures are carried out with all strictness and discipline, so that they result in greater efficiency and better results”, underlined Vera Daves.
Therefore, the minister wonders about the path that the country must follow and the variables and solutions to implement public investments in a sustainable and correct way, because “the country is in a hurry”.
Another “interesting” ongoing challenge, she added, is the resizing and streamlining of the public business sector, through the privatisation programme.
In this regard, she said that the next challenge would be to look to the companies outside the privatisation list, i.e. how they will be treated and how they can operate efficiently, moving from passive to asset.
“Many of the organisations supervised by the Ministry of Finance will have a fundamental role in this process of business transformation which will continue under the leadership of the State”, she recommended.
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The minister also spoke of the intention to encourage sectors that can guarantee food security and surpluses for export.
She went on that the executive envisages a more favorable environment for new investments and job creation, ensuring more and better incomes and, thus, economic growth and development for the benefit families.
The Ministry of Finance also wants to see its intervention improved in budget forecasting and execution, in the treasury and public debt, in tax administration, with a system of fairer, quality and easier tax services for the economic activity, without withdrawing sources of financing from the State.
The one-day event Consultative Council, gathered staff from the country’s 18 provinces and a few guests.
