Luanda – Cabinet Council approved Monday the General State Account for the year 2021 and the document will be forwarded to National Assembly for approval, states a press note from the session chaired by the President of the Republic, João Lourenço.
The document reflects the result of the Executive’s efforts, with a focus on improving the accountability process by the bodies and entities in charge of the management of public financial resources.
The General State Account 2021 presents a total revenue collected of 15.22 billion Kwanzas (Kz) and an estimated expenditure executed at Kz 14.42 billion, resulting in a surplus of around Kz 793.99 billion.
The session also approved the balance report on the execution of the General State Budget (OGE) for the second quarter of 2022.
Speaking to the press at the end of the meeting, the Secretary of State for Finance, Ottoniel dos Santos, said that the document summarises the evolution of some of the main macroeconomic indicators that impacted the execution of the OGE.
The balance sheet report also presents data and records on the execution of the OGE reflected in the budget, financial and equity balances and in the statement of changes in equity.
In the second quarter of 2022, the revenue collected stood at Akz 5.758 billion and expenses estimated at Kz 1.288 billion, according to the statement from this government body.
The General State Account is the document prepared by the State at the end of each calendar year. Contains all amounts of income and expenditure incurred by the State.
It is the main document for rendering State Accounts. Closes the annual budget cycle.
Source: Angola Press News Agency