Angola’s Finance Minister calls for cost containment

13 January 2017

Angola’s Finance Minister, Archer Mangueira, called on public administrators to contain expenditure included in the state budget for the current year due to the economic and financial difficulties the country is facing.

In a speech given in Solo, in the northern province of Zaire, the minister said administrators should take into account the small amount of funding that the budget has available for government expenditure.

“The money has to be well managed and we are calling on administrators at all levels, to spend wisely, and for every effort to improve the collection of non-oil revenue to continue,” he said, quoted by Angolan news agency Angop.

Mangueira gave assurances that the execution of the 2017 State Budget will meet the main needs of the population and that the State did not intend to ring-fence funds.

The Minister of Finance announced a programme to drive tax revenues, the results of which should enhance the state budget with an increase in tax revenues.

At the end of 2016 Mangueira swore in the new members of the Board of the General Tax Administration (AGT), the entity resulting from the merger of the National Tax Directorate, the National Customs Service and the Executive Project for Tax Reform (PERT). (macauhub)