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Govt gives nod to 2019 Budget preparation

Luanda, ANGOLA, May 17 - The Economic Commission of Cabinet Council approved Thursday a Decree setting out the directions to draft the State Budget for 2019. ,


The document comes out with rules that will guide the managers of public funds in 2019, according to the statement released at the end of the session.


The Bill also took into account the contributions by MPs of National Assembly in debate on State Budget and the intention of the Executive to ensure a participatory State Budget.


In the field of Tax Reform, the meeting approved the master lines for the implementation of Value Added Tax (VAT) in the country.


The meeting, chaired by the President of the Republic, João Lourenço, reviewed the General Budget Report for the first quarter of 2018 and financial balance.


The session also analysed the internal and external debt operations, changes in the statement properties, and the flow autonomous funds.


The Commission approached a Memorandum on the implementation process of the recently approved National Development Plan 2018-2022.


The session also analysed a Report on National Bank of Angola (BNA) Accounts for 2016, as well as the Report on Central Bank during the first quarter of 2018.



The Economic Commission of Cabinet Council is tasked with dealing with the macroeconomic agenda of the Executive.


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