Cape Verde considers cuts to public spending
By the AFREEQUE newsroom, based on Expresso das Ilhas
The Cape Verde government could reduce public spending considered unnecessary or deferrable if rising oil and fuel prices continue to weigh on the economy. Secretary of State for Finance Maria José Lopes cited official travel and consultancy among the items that could be affected, and said the country had sought support from the African Development Bank, according to TCV.
The Cape Verde government could cut spending considered unnecessary or capable of being postponed if rising oil and fuel prices continue to weigh on the economy, Secretary of State for Finance Maria José Lopes said on Sunday on public broadcaster TCV, Expresso das Ilhas reports.
Official travel, consultancy and other items could be affected. The government has also requested support from the African Development Bank, the Cape Verdean outlet says.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
