The guarantee was given by the Minister of State for Economic Coordination, Manuel Nunes Júnior, at the press conference on the fifth evaluation of the Expanded Financing Program (EFF), held at the Press Center of the Presidency of the Republic (CIPRA), in Luanda.
Manuel Nunes Júnior said that the most recent fiscal projections point to a positive budget balance of 2.6 percent of Gross Domestic Product (GDP), despite this year's General State Budget (OGE) forecasting a deficit of 2.3 percent of GDP .
In 2020, the country had a negative budget balance of 1.5 percent, below the OGE forecast of four percent, due to the effects of the covid-19 pandemic.
The exchange rate, according to Manuel Nunes Júnior, has remained stable in recent months.
"The difference between the official exchange rate of the US dollar and that prevailing in the parallel market, which in 2017 was 150 percent, is today at four percent. In relation to the Euro, the difference is only 0.5 percent", he said in a statement that VerAngola had access to.
The Minister of State also stated that the Executive is increasingly confident in the medium-term balance of public accounts, with the technical and financial support of the Expanded Financing Program of the International Monetary Fund (IMF), which began in December 2018 and continues until December of this year.
Manuel Nunes Júnior said that the IMF recognizes that the Expanded Financing Program has been carried out in a satisfactory manner.
"The IMF's fifth assessment of the Expanded Financing Program (EFF), aimed at the country's economic projects, is a clear sign of the international financial community's confidence in the Reform Program being led by the Executive," he stressed.
