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Angola highlights five-year balance of public investments

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Angola highlights five-year balance of public investments

Luanda, Apr 20 (Prensa Latina) The Angolan Government spent an annual average of 600 billion kwanzas, some 1.421 billion dollars, in the public investment program during almost five years, Angop news agency reported on Wednesday.
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According to the news agency, Finance Minister Vera Daves stated that the figures correspond to the execution of works for health, education, energy and water, transportation, sanitation, access roads and housing, among other areas.

Those figures, she explained, represent an average calculation, as there were annual variations in accordance with the levels of tax collection and the capacity to mobilize internal and external financing.

By the Ministry of Finance, the Executive placed financial resources to create an infrastructure, without compromising the sustainability of public finances and the future of the new generations, Daves said.

Also in the framework of the public investments, the Integrated Plan of Intervention in Municipalities (PIIM) recorded expenditures higher than 500 million dollars, with 350 projects concluded in the 18 provinces, according to Angop.

The initiative includes from major projects to small works, such as water and electricity home connections, to guarantee improvements in the living conditions of the families, Angop stated.

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