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Politics

Council of Ministers gives green light to transition from informal to formal economy

The Economic Commission of the Council of Ministers gave the green light this Monday for the transition from informal to formal economy. In addition, the action plan for the period 2020-2022 has also received the approval of the council.

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According to the communiqué of the Council of Ministers meeting, cited by Angop, the document on economic transition integrates the analysis and the national and international councils made in order to move forward with the change.

The council also gave the green light to "a set of activities to be developed in the period from July 2020 to March 2021". These activities are intended to improve the business environment and boost Angola to a good place in the 'Doing Business' ranking.

In addition, the note indicates that the approved activities also aim to improve communication between the public and government entities in order to facilitate growth and socio-economic development.

The instructions for the preparation of the General State Budget (OGE) for 2021 - which includes the procedures and actions to be developed and the timetable for the process of preparing the proposal - the Treasury Cash Plan that refers to May of this year and the Treasury's financial programming that refers to the third quarter of 2020 also received the approval of the council.

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