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Elections

Government presents to Parliament proposal for 2021 Amending Budget budgeted at 78 million escudos

Praia, Jul 16 (Inforpress) – The Government delivered Thursday the proposal for the 2021 Amending Budget, budgeted at 78 million escudos, with an increase of around 0.1% in the appropriation entered in the estimate still in force.

The 78 billion escudos represent expenditures and revenues, including indebtedness, and the financing is mobilized, with the use of debt to finance the Amending Budget of 23 billion escudos (net), with the Government estimating “stock” equivalent to 158.6 percent (%) Gross Domestic Product (GDP) by the end of 2021.

The State Budget (which will now be replaced) predicted economic growth of 6.8 to 8.5% of GDP in 2021, in line with previous years, inflation of 1.2%, a budget deficit of 9.6% and an unemployment rate of 17.1%, in addition to a level of indebtedness equivalent to 151.7% of GDP.

The minister of the presidency of the Council of Minister, Filomena Gonçalves, who presented the formalization of this proposal to the vice-president of the National Assembly, Armindo da Luz, told the press “the budget remains human-faced, because it reinforces support for families, health and businesses”.

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