Luanda - The President of the Republic, João Lourenço, said today that the ratio of public debt to Gross Domestic Product (GDP) had fallen by 70 percentage points in two years, since in 2020 it was 139.6%, having decreased to 87.9% in 2021 and 69.9% in 2022.
The Head of State who was delivering the State of the Nation Message to the National Assembly recalled that the Public Finance Sustainability Law, approved in 2020, aims to reduce the public debt to GDP ratio to 60 per cent or less.
According to the President, the country is making a responsible and sustainable public debt, directed towards wealth-generating public investment.
"Our net international reserves stand at 14.1 billion US dollars, which guarantees imports for a period of at least seven months, which gives us some comfort," the president said.
The Head of State mentioned that the country continues to promote measures to broaden the tax base, so that the national tax system is fairer and more balanced.
He said that Angola had progressed in the number of taxpayers, from 4.1 million in 2019 to 6.4 million taxpayers in 2022. ML/AC/ADR/DAN/DOJ
