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Budget Support Group suggests Cabo Verde to reduce tax risks

Praia, Jun 9  (Inforpress) – The GAO considered it’s crucial Cabo Verde to reduce fiscal risks, increase debt transparency and limit debt support to the State business sector as priorities to maintain fiscal sustainability and debt in the medium term.

This position from the Budget Support Group (GAO) was made public on Tuesday by the World Bank in Cabo Verde Representative,  Ineida  Fernandes, as spokesperson for this international mission, at the end of the meeting of the first joint review mission in 2021 in the country.

Ineida Fernandes considered that the Cabo Verdean authorities quickly implemented decisive measures to contain and mitigate the health and economic impacts of the pandemic, such as the declaration, for the first time, of the State of Emergency, the strengthening of monetary transfers for vulnerable families and the design of tax and time exemptions.

The postponement of the payment of taxes, the design of credits and  guarantees to small companies were also measured, but also praised by GAO, convinced the Executive developed a national response and recovery plan for 18 months, in addition to the approval, at the end of 2010, of the Cabo Verde 2030 strategic vision.



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