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PR approves additional debt of 2.6 billion kwanzas until the Budget comes into force

The President approved an additional debt of 2.6 billion kwanzas until the entry into force of the 2023 State Budget, to meet the financing needs of budgeted projects.


João Lourenço, in Presidential Decree No. 296/22 of December 30, which Lusa had access to this Tuesday, mentions that while the 2023 General State Budget is not approved by the National Assembly, the Minister of Finance is authorized to issue public debt securities, in the form of Treasury Bonds (OT), in the amount of 2.6 billion kwanzas.

The revenue collected, says the decree, is intended to meet the financing needs of expenses of the General State Budget (OGE) 2023.

According to the President, the Minister of Finance, Vera Daves, should establish in her own diploma the rules for issuing and other necessary elements of the OT.

The OGE2023 proposal, which estimates revenues and sets expenditures of 20.1 billion kwanzas, was delivered to parliament on December 9, 2022 and should be approved in general in the first half of January.

The Minister of State for Economic Coordination, Manuel Nunes Júnior, who delivered the document, said at the time that the OGE2023 has a global surplus of 0.9 percent and that the expected growth rate will be greater than the of population growth.

The OGE2023 proposal will fundamentally fulfill two objectives, namely the "continuation of the country's economic growth and the continuation of prudent budgetary management".

"We are going to continue the fiscal consolidation process underway in the country," he assured, noting that the authorities forecast a positive budget balance of around 2.7 percent for 2022.

For Nunes Júnior, not having deficit budget balances "is very important for an economy", because the country now has less need to incur in debt processes.


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