On Thursday, the members of the Senate’s Permanent Commission on Finance, the Economy, Trade and Planning, once again heard reports from the rapporteurs in charge of the preliminary analysis of the General State Budget.
After exhausting the period of familiarisation with the General State Budget paper, which includes the Draft Law for the Settlement of the General State Budget 2021, the Budgetary Execution to the First Quarter 2022 and the Budgetary Forecasts for the Financial Year 2023 of the Budgets for Autonomous Bodies and Public State Companies, the senator members of the Senate Permanent Commission on Finance, the Economy, Trade and Planning met again to follow up the report of the work of the third presentation, and to seek consensus on the issues pending from the previous day regarding reports of the first and second presentations.
According to the secretary of the sub-commission in charge of the preliminary study on Budgets for Public Investments and Autonomous Bodies, José Domingo Ndong Bakale, the Gross Domestic Product 2023 is divided between the Social, Productive, Public Administration and Infrastructure sectors, and will be 76% financed with national funds, with the remaining 24% through external resources, issues that have raised questions, concerns and recommendations that will be previously agreed by the group of the Permanent Commission on Finance, the Economy, Trade and Planning to be raised before the Government Delegation in its next appearance.
The report in question details the overall data of the budget settlement for autonomous bodies and public companies for the financial year 2021. According to their nature and corporate purpose they are divided into public companies, State autonomous bodies generating profit and income, others with neither profit nor income, and the social security bodies, INSESO, and the Trade corporations. It also sets out the financial operations for current account revenues and costs for the budget settlement for State autonomous and public entities, which were the focus of intense debates within the Permanent Commission on Finance, the Economy, Trade and Planning.
The deliberations chaired and moderated by the First Vice-President, Ángel Serafín Seriche Dougan Malabo, accompanied by Agustín Nze Nfumu, Second Vice-President of the Upper House, allowed the senators to outline all the aspects that could hinder the correct interpretation of the document, and in this sense the parliamentarians have carefully analysed the viability and profitability of these public and state-owned companies reflected in the general state budgets.
Source: Official Web Page of the Government