Angolan State revenues must be entered into the Single Treasury Account

3 May 2018

All revenues of the Angolan State, including customs, those resulting from the sale of State assets, fees and the like shall be collected from the account maintained by the National Treasury in the National Bank of Angola, in the Single Treasury Account, regardless of whether they are included in any budget unit, according to a presidential bill.

Presidential Bill 111/18 of 27 April, which is already in force, stipulates that budgetary units must strictly comply with the provisions included in all the laws of the State Budget, Public Contracts, Public Patrimony, the Rules of Procedure for the Preparation, Execution and Follow-up of the Investment Programme, among other current bills.

The revenues of diplomatic missions, including embassies, consulates and representations of the Republic of Angola, must be collected in the respective bank accounts, according to the stipulations of the presidential bill quoted by the Angop news agency.

These revenues, according to the bill, are intended to support expenses within the limits of the authorised quarterly financial programming of the respective diplomatic missions. Any surplus in the bank accounts must be communicated, through the bank statements to the National Directorate of Accounting and the Treasury, by the fifth day of the following month.

Rules concerning the financial programme, implementation of expenditure, promotion and instruction of the process of acquiring or leasing real estate, payments abroad by budgetary units, staff expenses and planning, hiring and promotion of public agents, are included in the bill signed by the President of the Republic, João Lourenço.

The same bill also defines issues related to the processing of salaries, budgetary adjustment and additional credits against the budgetary reserve. (macauhub)