Ver Angola

Economy

Experts defend the quality of public debt to improve the lives of Angolans

Angolan researcher Emílio Manuel defended this Monday more quality and transparency of public debt so that it has a positive impact on improving citizens' living conditions.

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"Debt has a very big impact on citizens' lives and if we look at the quality of Angola's debt and the budget planned for 2022, we see that the government prioritizes debt repayment," said Emílio Manuel.

The specialist was speaking on the sidelines of a 'workshop' promoted by the Youth Association for Community Development of Angola (Ajudeca) and by the African Forum and Network on Debt and Development (Sfrodad).

The researcher from the Center for Human Rights and Citizenship of the Catholic University of Angola (Ucan) assumes that the debt "has to be paid", but regrets that the social sector has few funds allocated in the General State Budget, which does not allow for an improvement in the quality of health and education, two critical areas.

"There is a relationship between public debt and poverty, if the government takes on debt it is to improve the quality of life and if we do not have an impact on poverty reduction, it is because the money is not being allocated to this. We have a poverty rate of 47 percent in urban areas and 57 percent in rural areas, is a very high indicator", he considered.

It is necessary that public policies are focused on fundamental rights, he underlined.

In addition, he defended, investment is also needed to generate wealth "and this is not happening" for lack of resources to leverage this area.

For the researcher, it is essential to know if the amount that was contracted was really invested in the purpose for which it was intended. "The reports that are submitted to the National Assembly must contain these elements, and they do not. Therefore, we have great difficulty in assessing the quality of the debt", he commented.

Manuel Pembele, director-general of Ajudaca, suggested sustainable management of natural resources and defends that Africa should be a rule maker, not just a rule taker.

"Until now Africa only lives on the laws issued by other countries and this makes us dependent", starting with its own resources which, he acknowledges, have not been being used in the best way.

"The management that has been made of its resources is not a source of pride for Angola, the Angolan continues to live in terrible conditions", he underlined.

The 'workshop' aimed at journalists will run until Wednesday at the Ucan extension center in Luanda.

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