Luanda - Angolan minister of Finances Vera Daves Monday in Luanda announced the Executive’s plans to keep a tight control on payroll with slight excess to the budget value aimed to ensure hiring of additional staff for the sectors of Health and Education.
This was during a Press Conference on the Fifth Assessment of the International Monetary Fund (IMF)’s Extended Fund Facility – EFF, that ends this year of 2021.
The minister stated that the move is part of the measure to prepare for Sixth Assessment of EFF.
“In other to ensure the successful performance of the process, the country’s authorities envision some commitments for this year, hoping that, in tax field, non-oil revenue stands above the budgeted level as result of the measures to increase in revenues implemented in the second half of last year”, said the official.
The minister added that the Executive believes that the public investment will lightly exceed the budgeted value to allow the planned conclusion of the main projects of investment that are almost completed and to accelerate the arrears payments.
To Vera Daves, until the end of the year, the time that remains for the EFF, the Executive expects to carry on the promotion of the sustainability of the sovereign debt through the continued implementation of a management strategy of the proactive and prudent debt as well as to quarterly release of statistics on the costs and fuel subsidies.
Sill in tax field, the minister said that the Angolan government expects to develop a comprehensive management plan of the arrears that will count on an update mechanism of live surveillance of the arrears and the implementation of tools for assessment and preparation of projects through the development of the revision function in the Ministry of Finance.
The minister also spoke of the development of multi-year budgeting function and with the rigorous selection of projects and improvement of the resources allocation, strengthening the financial planning process and ensuring the effective control on the company’s commitments.
