Parliament recommends strict inflation control

Luanda – The National Assembly (Angolan Parliament) has recommended that the government exerts strict control of inflation, as part of the memorandum to stabilise food prices and increase supply.

The recommendation is made in the State Budget Execution Report for the third quarter of 2021, considered Friday by the Economy and Finance, Constitutional and Legal Affairs and State Administration and Local Government committees.

The parliament also recommended that the government stimulate growth of national oil production via dynamic actions to attract investment, increase research activities and the bidding of new oil fields.

It also expressed the need to stimulate an increase in diamond revenues, bearing in mind the volume of investment that the sector has been recording.

The AN also wants the government to prioritise actions for the implementation of the Justice Reform and Modernisation Programmes and the Strengthening of the Fight against Economic and Financial Crime and Corruption, as well as the projects included in the Public Investment Programme.

The document also mentions for the Government to contain the growth of public debt, in order to guarantee the sustainability of public finances;

Likewise, the AN wants to follow up, with greater rigour, the revenue collection and the execution of the expenses carried out by the Provincial Governments and Municipal Administrations, in order to provide balance in the management of the treasury.

Source: Angola Press News Agency

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