Ver Angola


João Lourenço guides the Council of Ministers. Falling prices and unemployment ‘on the table’

The Economic Commission of the Council of Ministers met this Tuesday under the guidance of the President of the Republic, João Lourenço. The body recommended the continuation and strengthening of measures aimed at reducing the general level of prices and the unemployment rate, taking into account their effects on the well-being of the population.


The reinforcement measures have to do with the accelerated implementation of the initiatives framed in PRODESI, in the Plan for Support and Promotion of Employability (PAPE) and in the Program for Reconversion of the Informal Economy (PREI) and initiatives to improve the business environment, with the objective of guaranteeing the purchase of national production and reducing the prices of goods that are widely consumed by the populations.
At the end of the meeting, the Minister of Economy and Planning, Mário Caetano João, informed that the Food Strategy Reserve imported large amounts of wheat.

"We already have some wheat production. Of course, we will be carrying out every exercise possible to mitigate any type of effect on wheat alterations. In some cases, we may have wheat alterations, but in other cases it will be counterbalanced by a low of prices", he assured, in a statement from the Government to which VerAngola had access. The official also made it known that chicken is also one of the products that the country imports the most.

The Economic Commission reviewed the price of oil on the international market, which is currently on the rise and being traded above US$100 per barrel.

Despite this rise in the price of oil, the Executive does not foresee a review of the General State Budget, according to the Minister of Economy. However, he recognizes that he will bring greater comfort to the treasury, which had some difficulties in managing the OGE.

In the field of Economics, the Economic Commission carried out an assessment of the performance of macroeconomic variables in the first quarter of the year, having found that the country's macroeconomic stability has allowed the gradual recovery of national economic activity. "And, notwithstanding the still prevailing risks, growth prospects this year remain optimistic, due to the good performance of the non-oil sector", the document states.

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