Luanda - The Council of Ministers has considered, for submission to the National Assembly, the General State Account, the main instrument for rendering State Accounts, which presents the performance of budgetary, financial, asset and operational management for the year 2023.
According to the document, which was analysed at a meeting chaired by the President of the Republic, João Lourenço, a Gross Domestic Product (GDP) growth rate of 1% was estimated for the period in question.
The national inflation rate stood at 20.01 per cent and the exchange rate of the Kwanza against the US dollar closed 2023 at around US$/AOA 828.74.
Data from the General State Account show that the unemployment rate in the fourth quarter of 2023 was 31.9 per cent.
Public Debt
With regard to Public Debt, in 2023 debt instruments were issued and redeemed on the domestic market with a net execution of 2.13 trillion Kwanzas, with domestic debt servicing totalling 4.78 trillion Kwanzas and external debt totalling around 4.73 trillion Kwanzas.
The statement said that in December 2023 the stock of government debt was 53.14 trillion kwanzas, equivalent to 64.11 billion US dollars, and was made up of 74 per cent external debt and 26 per cent domestic debt.
In this perspective, the public debt stock, which includes government debt and that of public companies, totalled 55.39 trillion kwanzas, equivalent to around 66.83 billion US dollars.
It should be noted that the General State Account for 2023 presented data on the 2023 State Budget, which estimated revenue and expenditure of 20.10 trillion kwanzas, showing that revenue of 20.33 trillion kwanzas was collected and expenditure of 20.10 trillion kwanzas was incurred, resulting in a nominal surplus of 235.57 billion kwanzas.
The total revenue collected in 2023 was broken down into current revenue of 13.10 billion Kwanzas, corresponding to an execution of 97 per cent and a share of total revenue of approximately 64 per cent, and capital revenue of 7.23 billion Kwanzas, corresponding to an execution of 109 per cent and a share of total revenue of 36 per cent.
Total expenditure in the same financial year was broken down into current expenditure of 9.24 trillion kwanzas, corresponding to 97 percent execution in relation to approved expenditure and a share of total expenditure of 46 percent, and capital expenditure of 10.85 trillion kwanzas, corresponding to 105 percent execution in relation to authorised expenditure and a share of total expenditure of 54 percent.
For the 2023 financial year, the State Inventory showed a Net Asset Value of 6.74 billion Kwanzas, an increase of 10 per cent on the same period last year.
With regard to the Privatisation Programme, the document states that by the end of the year 11 assets had been sold, which together represented a contracted value of around 47.87 billion Kwanzas and financial inflows of 6.25 billion Kwanzas, of which 5.69 billion Kwanzas refer to direct payments to the state, and 567.34 million Kwanzas paid to other entities.
For the 2023 financial year, the registered accounts payable totalled 2.05 trillion Kwanzas, a reduction of 12 percent compared to the same period last year.
The stock of floating debt, in turn, totalled 7.47 trillion Kwanzas and the fixed debt 31.80 trillion Kwanzas.
The document points out that within the scope of the inspection activities of the General State Inspection (IGAE), 219 inspections were planned for 2023, but 243 have been carried out, 68 of which in the Central Body, 21 ordinary inspections, 11 extraordinary inspections, 25 enquiries and 11 audits.
The Council of Ministers is the collegiate body that assists the President of the Republic, as the holder of executive power, in formulating and conducting the country's general policy and public administration.
Ordinary sessions take place in the last week of each month, while extraordinary sessions are held whenever called by the President of the Republic. AFL/ART/DAN/DOJ
