Luanda – The Economic Commission of the Cabinet Council on Tuesday, in Luanda, approved the Financial Programming of the National Treasury for the first Quarter of the year 2023, a document that includes projections of inflows and outflows of financial resources for the period.
The communiqué of the session chaired by the Head of State, João Lourenço, states that the document also contains revenue assumptions and operations with direct and indirect cash effect, as well as the financial operations and an approach on the risks for execution.
Still regarding the financial field, the government’s economic team was briefed on the documents of the National Reserve Bank of Angola (BNA) with emphasis on the Proposal for Amendment of the Notice on Invisible Private Current.
This document establishes the rules and procedures to be followed in foreign exchange transactions by individuals, foreign exchange residents and non-residents.
According to the final communiqué of the meeting, one of the objectives of this instrument is to grant greater flexibility to carrying out foreign exchange operations by individuals and greater responsibility on the part of Financial Institutions as intermediaries of the operations.
In this Tuesday session, the Economic Commission also approved the Draft Notice on the Exchange Regime Applicable to the Mining Sector, which is an instrument that extends and updates the rules to regulate foreign exchange operations by entities operating in the sector.
The Proposal for a Notice on the Foreign Exchange Regime Applicable to the Mining Sector aims also to make the sector more competitive in attracting national and foreign direct investment, as well as enabling its growth and development.
The economic team also approved today the National Strategy and the General Lines of Action Plan to Prevent and Combat Money Laundering and this also includes the Action Plan against the Financing of Terrorism and Proliferation of Weapons of Mass Destruction.
The document establishes the strategic guidelines and national coordination for the implementation of preventive and repressive measures to combat these phenomena.
The diploma aims at protecting the stability and integrity of the financial system and the internal security of the country, as well as promoting a sustainable economic development.
Fines and Misdemeanours in Public Procurement
As for fines and contraventions in public contracts, the Economic Commission approved an instrument that defines the procedure of collection and destination of fines resulting from those acts.
This approved diploma aims to guarantee greater efficacy, efficiency and practical applicability of the Public Contracting Law.
Source: Angola Press News Agency