The level of public debt in Angola fell to 66 percent of Gross Domestic Product (GDP) by June, down from 82.8 percent in 2021, and is expected to fall below 60 percent this year.
According to the Minister of Economy and Planning, Mário João, this downward trend is influenced by the active management carried out by the Executive, with emphasis on positive macroeconomic performance.
“We are also pleased that, according to data from June of this year, the debt ratio reached 66 percent of GDP an important sign that the target of 60 percent provided for in the Public Finance Sustainability Law can be achieved this year,” the minister said today during a meeting on the accounts of public companies sponsored by the Institute for Asset Management and State Holdings (IGAPE).
