According to a presidential order to which Lusa had access, the decision is due to the need to reorganize some companies in the public business sector, "through the settlement of debts recorded in the period between the financial years 2001 to 2019, aiming its restructuring and relaunch".
The public business sector "has verified the existence of credits and debts between Sonangol [state oil company] and the State", a situation that leads companies to "under certain circumstances be conditioned to achieve their purpose", he adds. the diploma.
The presidential order, signed by João Lourenço on 4 September, authorizes the Ministry of Finance "to proceed with the settlement of existing debts arising from the conciliation and compensation process" between Sonangol, TAAG (air carrier) and PRODEL (public company production) ", recorded between 2001 and 2019.
The Minister of Finance, Vera Daves, will have to calculate and reconcile debts, proceed with the assumption of debts resulting from the provision of goods and services in exchange for the conversion of the respective credits into capital, in the form of supplementary capital installments and guarantee the formalization of the respective capitalization.
The debts assumed under this decree will be offset by tax credits, the document also states.
