The revenue limits for each ministerial department approved in the latest cabinet meeting constituted the objective of a meeting chaired by the Prime Minister, Francisco Pascual Obama Asue with ministers, General Secretaries and heads of the economy.
The start of the meeting was marked by the Prime Minister’s concern for the reduction of non-oil company revenue registered by the majority of the ministers, and particularly during the second quarter of the tax year.
As an action to be implemented, Obama Asue requested greater involvement from the attendees, especially by the Minister for Finance, Economy and Planning, by means of establishing measures that reinforce the action of heads of economy to carry out the administration of the revenue accounts of respective ministers.
Among other interventions, Obama Asue highlighted the State Minister, Head of Regional Integration, Baltasar Engonga Edj, who suggested the creation of a technical commission in order to identify revenue sources in the ministries.
Among the proposals presented were the creation of a monitoring committee for the collection process; the establishment of measures that reinforce levels of demand with respect to the economy, in addition to the implementation of reinforcement measures for the current system in accordance to the needs of the heads of economy for the departments.
Source: Official Web Page of the Government of the Republic of Equatorial Guinea