Luanda - The National Assembly recommended Wednesday the government to improve the report mechanisms of the State's financial management, with the aim to lead it to a positive and transparent public accounts assessment.
The recommendation is expressed in the General State Account (CGE) for the 2020 fiscal year, whose Draft Resolution was approved on Wednesday, with 111 votes in favour, 61 against and two abstentions, during the 5th ordinary plenary meeting of the National Assembly.
The document was presented by the secretary of State for Budget and Public Investment, Juciene Cristiano de Sousa.
The Parliament recommended the Executive to make it possible for all institutions with administrative and financial autonomy to include in the in the CGE report the independent audit opinions regarding their financial statements.
The AN also recommended the government to continue implementing measures to improve the indicators of the "Doing Business" good business environment assessment, in order to boost the activity of the non-oil sector and to provide a higher level of non-oil tax revenue collection, in favour of economic growth strongly influenced by the private sector.
The lawmakers expressed the need to intensify the implementation of the Programme to Support Production, Export Diversification and Import Substitution (PRODESI), within the scope of the Programme to Support Credit (PAC).
The MPs urged the government to adopt faster mechanisms that make it feasible to design credits for national producers of goods, especially the projects that are part of the production and commercialisation chain of goods of the basic food basket that contribute to reducing imports.
It was also emphasised the need for the government to continue with the implementation of fiscal policy measures, within the scope of the Public Finance Sustainability Law to contain and reverse the growing trend of the fiscal deficit, with the aim to reduce the public debt to Gross Domestic Product (GDP) ratio to a value equal or below 60 per cent.
They also recommended the government to continue with recovery of halted public investment projects, especially education and health and the repair of the country's main roads, taking into account their direct impact on the quality of life of the population.
The MPs encouraged the government to continue with the contingency plan to combat drought affecting the populations in the southern provinces of Angola and the programme of direct transfers of income to the neediest families to mitigate the effects of the still relatively high levels of poverty in the country.
The government was also urged to prioritise the implementation of reform and modernisation programmes of the justice system and to strengthen the fight against economic and financial crime and corruption, as well as the projects included in the public investment programme.
The deputies also recommended the government to monitor more closely the collection of revenue and the execution of expenditure by the provincial governments and municipal administrations to provide balance in the management of the treasury and to broaden the tax base to all taxpayers, with a view to greater collection, transparency and fairness in the optimisation and use of financial resources.
The parliamentarians also called for the creation of conditions to provide the national private sector with the resolution of issues that forces commercial banks to grant loans more quickly, such as documentation regarding the ownership of properties, land rights and the legal situation of the processes in case of default.
