STATUTES GENERAL ASSEMBLY SECRETARY GENERAL CONTACTS Follow us on Twitter Follow us on Facebook Follow us on Instagram
Daily News
MedNEWS HOME
Lusa - Business News - Cabo Verde: International training centre mooted for boarding, search of ships
Praia, March.28,2024 (Lusa) - The Atlantic Centre, an initiative of the Portuguese state that brings together 23 countries, is advocating the creation in Cabo Verde,...
Lusa - Business News - Portugal: Climate justice meet in Boticas to support fight against lithium mine
Boticas, Vila Real, Portugal,March.28,2024(Lusa)- The 2024 edition of the National Meeting for Climate Justice (ENJC) will take place between 5 and 7 April in Boticas,...
CNA - سفينة المساعدات الإنسانية الثانية تغادر لارنكا إلى غزة نهاية الأسبوع
علمت وكالة الأنباء القبرصية أنه من المقرر أن تغادر السفينة الثانية ميناء لارنكا لتوصيل المساعدات الإنسانية إلى غزة في نهاية الأسبوع.
وفقا للمعلومات التي حصلت عليها وكالة الأنباء القبرصية، يتوقع أن تغادر السفينة جنيفر، وهي السفينة الثانية التي تحمل مساعدات إنسانية إلى غزة عن طريق البحر...
CNA - الرئيس خريستوذوليديس: ميناء غزة قد يكون جاهزاً قبل الأول من مايو
قال رئيس الجمهورية نيكوس خريستوذوليديس اليوم الخميس إنه من المحتمل أن يكون الميناء الذي يتم إنشاؤه في غزة كجزء من الممر البحري لإيصال المساعدات الإنسانية، جاهزا قبل الأول من أيار/مايو. ...
Lusa - Business News - Portugal: Commercial rents, prices up 20% from 2019 even as supply doubles - study
Lisbon,March.28,2024(Lusa)-Rental and selling prices for offices and shops in Portugal rose by around 20% between 2019 and 2023, even with supply in these two property...
Lusa - Business News - Portugal: Price of petrol per litre in Azores region to rise 3.9c, diesel 1.7c
Angra do Heroísmo, Portugal, March 28,2024 (Lusa) - The price of petrol per litre in Portugal's Azores region will rise by 3.9 cents on Monday...
Lusa - Business News - Portugal: Lisbon stocks trading lower; EDP Renováveis, Mota-Engil lead losses
Lisbon, March 28, 2024 (Lusa) - The Lisbon stock market was trading lower on Thursday morning, with shares in EDP Renováveis and Mota-Engil down 0.97%...
Lusa - Business News - Angola: Central bank adopts new rules on preventing, combating money laundering
Luanda, March 28, 2024 (Lusa) - Angolan financial institutions must obtain and keep information on individual transactions of more than US$15,000 (€13,000), ...
Lusa - Business News - Portugal: Cocoa prices continue to skyrocket, may go higher - analysts
Lisbon,March 28,202(Lusa)-The price of cocoa on the international markets has soared by 150% since the beginning of the year and has touched US$10,000 per tonne...
Lusa - Business News - Portugal: Alleged network exploiting immigrants in Alentejo to go on trial
Beja,Portugal,March.28,2024(Lusa)-A total of 48 of the 51 official suspects in a case involving an alleged network that hired immigrants for agriculture in the Portugal's Alentejo...
Lusa - Business News - Portugal: Faro district business turnover rose 13% YoY during MotoGP Grand Prix
Lisbon,March 28,2024(Lusa)-Business turnover in the Faro district rose by 13% during the MotoGP Portuguese Grand Prix, which took place at the Algarve National Autodrome ...
CNA - مجلس الوزراء في جلسة استثنائية اليوم لتمديد إجراءات الدعم
ينعقد مجلس الوزراء اليوم الخميس في جلسة استثنائية للموافقة على حزمة جديدة من إجراءات معينة من شأنها تخفيف الضغوط الناجمة عن ارتفاع الأسعار.
وفقاً لمصادر وكالة الأنباء القبرصية، أن الحكومة لن تقوم بتجديد ضريبة صفر على الوقود والتي تنتهي في نهاية آذار/مارس، ولكنها ستجدد الدعم الحكومي...
Lusa - Business News - Portugal: Top newspaper headlines on Thursday, 28 March
Lisbon, March.28,2024(Lusa)- A new speaker of parliament is elected at the fourth vote, Portugal’s president dissolves Madeira’s regional parliament and calls for early elections ...
Lusa - Business News - Angola: Government sees 2023 GDP growing faster than population for first time




Luanda, Jan.23,2022(Lusa) - Angola's government estimates that the country's gross domestic product this year will grow faster than the population for the first time in the country's history, with GDP officially projected to expand by 3.3%.
In an interview with Lusa in the week in which the state budget for 2023 was given its first reading in parliament, the secretary of state for finance and the treasury, Ottoniel dos Santos, outlined the document, stressing that its focus is on the "real improvement of economic conditions" in the country and living conditions.
The budget, he said, aims to continue projects that were not concluded at the end of the previous term of Angola's president, João Lourenço - who was re-elected in August last year - and focusses on driving the diversification of the economy.
Dos Santos argued out that the reforms made by the executive - which has been contending with several years of economic recession and the effects since 2020 of the Covid-19 pandemic - have put the conditions in place "for a turnaround" in GDP and to maintain a positive trajectory.
"In 2021, there was a growth of 0.7 percent," he recalled. "This [past] year, above our [previous] expectations, we expect to have growth close to 3 percent [2.7 percent] and we expect, with this budget, to guarantee growth that may, for the first time, be above the population growth rate [projected at 3%], around 3.3 percent."
This economic growth will, he said, be based on the oil sector, with a projected 2.9%, but mainly on the non-oil sector, with 3.4%.
He acknowledged that this growth was not, so far, reflected in an improvement in the living conditions of the people, but argued that the macroeconomic conditions were still being created to reduce inflation, stabilise the foreign exchange market and improve fiscal discipline.
"It should be complemented with the measures that are in the state budget and create bases so that the real economy - the people - can see a positive impact of these efforts that are being made by all Angolans," he said, adding that it is also important to "deepen the measures so that the private sector can occupy a major place in the economy and allows the state to focus on its obligations."
With volatile variables, such as the price and output of crude oil, "which are not controlled and are not controllable by the executive," dos Santos noted, there are "risks" to its projections but the government is vigilant.
Questioned about the need to create independent bodies for budgetary supervision, the secretary of state said that parliament and the Court of Auditors already carry out these functions.
"These institutions are autonomous and have total openness and capacity to analyse the reports that are prepared by the Ministry of Finance," he said. "We feel fully comfortable and have enough elements so that the entire execution of the budget, including debt and other spending that is done, can be accompanied by these bodies."
This, he said, will make executing the budget "fluid and aligned with the vision of these bodies."
Until the final approval of the budget - which was delayed in 2022, due to the elections held in August - Angola's pulbic finances will have to be meted out month by month in emergency twelfths, "which poses additional challenges," according to dos Santos, given that some departments already face reduced funding.
Angola's president has approved additional new debt of 2.6 trillion kwanzas (€4.8 billion) until the 2023 state budget comes into force.
The budget bill passed on its first reading on Monday, with UNITA, the main opposition party, the only one voting against.
After two days of heated debates, the document was approved with 117 votes in favour from the governing MPLA - which has a majority in the chamber - and the Humanist Party of Angola (PHA), 80 against from UNITA, and four abstentions from the PRS and the FNLA.
During the debate, with 51 interventions and 24 points of order, which led several times to the speaker, Carolina Cerqueira, asking for members to calm down, accusations were exchanged, with he governing party criticising their opposition colleagues, more specifically UNITA, for never voting in favour of a budget.
The 2023 bill foresees estimated spending of about 20.1 trillion kwanzas (€38.3 billion), of which 13.4 trillion kwanzas is to be financed by tax revenue and 6.6 trillion from financial revenue, including borrowing.

RCR/ARO // ARO.
Lusa


Agency : LUSA

Date : 2023-01-24 10:14:00







 

Copyright © Alliance of Mediterranean News Agencies 2017