Luanda, ANGOLA, November 14 - The Economic Commission of Cabinet Council Tuesday approved a Memorandum on fiscal consolidation measures. ,

 

The memorandum was approved during a session chaired by the Angolan president João Lourenço.

 

The document suggests concrete measures to support the reversal of the current macroeconomic scenario.

 

The final communiqué also states that the implementation of measures proposed in the memorandum are intended to pursue objectives of macroeconomic stability and national development programmes 2018/2022.

 

According to a document reached Angop, the intention is to achieve positive budgetary balances in the coming years, to drive public debt towards a sustainable path.

 

The Tuesday meeting also approved a balance sheet report and memorandum on strategic performance of Recredit.

 

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