Cuanza Norte: New financial management philosophy for municipalities announced

Ndalatando – Governor of the northern Cuanza Norte province Jose Maria Ferraz dos Santos has announced new financial management philosophy for municipalities aimed at rational use of limited financial resources to address people’s living standards.

The official announced this Friday at a meeting convened to present the said plan.

According to him, the measure is meant to ensure a more careful management of scarce financial resources available in order to achieve better results.

He said the new philosophy of the local financial management was adopted to improve the ways of monitoring the use of resources allocated to municipal administrations.

According to him, the proposed philosophy will increase the supply of basic social services and improve the living conditions of the populations.

The meeting gathered, among others, municipal administrators.

Source: Angola Press News Agency