Angola's public debt is sustainable: official

Published on Monday, 31 May 2021 11:14
Written by editor

Angola's public debt contracted by the government on the external market is sustainable, a finance official of the country said on Wednesday.

During the launch of the Citizen's Budget 2021, Patricio Neto, director of the department of studies and international relations of Angola's Finance Ministry, said the latest assessments made so far by the International Monetary Fund indicated that the country should recover from its current economic recession.

The official added the government plans to better inform the public about how it intends to spend its revenue on improving health and education and supporting Angolan families.

The Citizen's Budget 2021 is a document prepared in partnership with the United Nations Children's Emergency Fund to enable the public to better understand the origins of revenues and expenses made.