OE 2021 aims to guarantee mandatory expenses and incentive measures for companies – Secretary of State

Praia, Sep 30 (Inforpress) – The 2021 State Budget (OE) aims to guarantee mandatory expenses and incentive measures for companies, the Secretary of State for Administrative Modernization revealed Tuesday in the city of Praia.

Speaking to the press, after the Commission for Social Dialogue meeting, Edna Oliveira highlighted, among the incentive measures for companies, the maintenance of credit lines to reinforce the treasury, as well as the creation of additional credit line for new investments.

The Secretary of State added that the Budget also provides measures and lines of credit for financing micro and small companies, as well as for the entertainment sector “which has not yet been covered with any exceptional measure, within the scope of the pandemic”.

“According to the macro-economic context we are experiencing, this Budget is due to the COVID-19 pandemic”, justified the Secretary of State, pointing out that the tool will resort to external indebtedness. Regarding the “lay-off” (simplified regime for suspension of employment contract), she informed that it will be in effect until December 31.


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