Ver Angola

Economy

Court of Auditors highlights positive developments in public management

The Court of Auditors (TdC) approved this Friday the General State Account for 2023, highlighting the significant decrease in recommendations, which went from 139 in 2019 to 19 in 2023.

: Tribunal de Contas de Angola
Tribunal de Contas de Angola  

In the press release, which Lusa had access to this Friday, the Court of Auditors points out that this downward trajectory signals a positive evolution in compliance with good public management practices.

"However, challenges persist that require continuous monitoring and the reinforcement of appropriate corrective measures," he adds.

Regarding the main macroeconomic indicators, the TdC emphasizes that the State's debt level, in 2023, was 81 percent of the Gross Domestic Product (GDP), a reduction compared to 2021, the year in which the debt rate reached 92.3 percent.

The 2023 results, however, represented an increase compared to 2022, when it stood at 66.8 percent.

"The increase recorded in 2023 is essentially due to the financing of structural projects, with emphasis on the completion of works at Dr. António Agostinho Neto International Airport, the Caculo Cabaça dam and the electrification of the provinces of Lunda Norte, Lunda Sul and Moxico", reads the statement.

The opinion focuses on the global and national economic context, in essential areas such as human resources management, the budgetary process, the performance of companies, national agencies, public funds and other bodies subject to the jurisdictional power of the Court of Auditors, anti-corruption inspection activity and the social protection system.

In the document, in addition to the diagnosis of the State's financial and asset execution, structural recommendations are formulated for strengthening economic and financial governance.

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