ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Fri, 05 Jan 2018 10:22 - Updated Fri, 05 Jan 2018 10:26

Government reiterates commitment to comply with domestic and foreign debt

Luanda - The Finance Ministry on Thursday reiterated its commitment to creditors to fulfill its domestic and foreign debt service, an objective reflected in the proposal of the State Budget for 2018.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

Ministry of Finance Building

Photo: unknown

The Executive's economic team presented on Wednesday the Macroeconomic Stabilization Program (PEM) at a press conference held in Luanda, recognizing the need to reverse the current trajectory of the public debt.

In a press release sent to Angop on Thursday, the Ministry emphasizes that PEM reinforces the need for an effective  management of the internal and external public debt portfolio, using the market instruments at its disposal, among others issues, to promote titles fungibility.

The PEM also establishes, among other monetary, exchange and fiscal policies measures, the pursuit of the Public Investment Programme, registering in the state budget  of 2018 only the projects that have secured financing.

The stock of the country's external debt is estimated at 38.6 billion US dollars, according to an announcement made on Wednesday by Finance Minister Archer Mangueira.

Tags Economy  

Read also
  • 31/01/2019 17:55:18

    Governor guarantees support for agricultural development

    Saurimo - The provincial governor of Lunda Sul, Daniel Félix Neto, assured Thursday in Saurimo, to support peasants with agricultural instruments and seeds, as part of the Government's strategy to combat hunger and poverty.

  • 31/01/2019 10:43:25

    Angola and Namibia study model of Baynes dam construction

    Malanje - Angola and Namibia on Wednesday discussed technical, economic and environmental requirements for the construction of the Baynes Binational hydroelectric dam in the border region of both countries.

  • 30/01/2019 11:42:40

    Biocom to increase sugar output

    Luanda - The Bio-energy company of Angola (BIOCOM) expects to increase its sugar production this year, from the prior 73,000 produced in 2018 to 100,000 tonnes in 2019, said the firm’s assistant manager, Luis Júnior.

  • 30/01/2019 09:01:30

    Sonangol exports over 92,200 metric tonnes of crude-oil in last quarter of 2018

    Luanda - The state-owned National Fuel Society (Sonangol) exported in the last quarter of last year 92,211 metric tonnes of crude-oil, which yielded a revenue of just over 39.5 million dollars, announced on Tuesday the company’s Executive Commission head for international trade, Luís Manuel.