OE 2022 bets “clearly and unequivocally” on fiscal sustainability – Olavo Correia

Praia, Jan 7 (Inforpress) – The Deputy Prime Minister and Minister of Finance said today that the OE 2022 is a “clear and unequivocal” bet on fiscal sustainability and explained the increasing domestic debt service is an instrument for mitigating fiscal risks.

Olavo Correia, who was speaking at a press conference convened to highlight the relevant aspects of this 2022 State Budget (OE 2022), in force since January 1st, stressed that the Government has resumed fiscal consolidation policy in a gradual and multiannual perspective.

“We have promoted economic growth by increasing endogenous revenues and rationalisation and containing public expenditure, but we are also mobilizing the new modalities of public debt,” he said.

The Government stressed that it should be said that the primary current balance has always been positive in recent years, except in 2020 and 2021 due to the pandemic, and should return to the positive ground in 2022.

MJB / HF / HVF

Inforpress

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