Prime Minister Thanks Parliament for Approving 2026 Budget

Prime Minister Américo Ramos expressed gratitude to Parliament for approving the 2026 General Budget, a milestone in São Tomé and Principe's efforts to diversify its economy and reduce dependence on foreign aid.

The approval of the budget is a significant victory for Prime Minister Ramos' administration, which has been working tirelessly to promote economic growth and stability. As the nation marks another major achievement, it highlights the Prime Minister's commitment to transforming São Tomé and Principe into a thriving economy capable of supporting its citizens.

Since taking office in 2016, Prime Minister Ramos' leadership has been marked by bold initiatives aimed at reducing the country's reliance on foreign aid. The approval of the 2026 budget is a testament to these efforts, which have seen significant strides in promoting sustainable development and reducing poverty.

São Tomé and Principe's economy has traditionally relied heavily on foreign aid, with international donors providing substantial support. However, under Prime Minister Ramos' leadership, the government has implemented policies aimed at reducing this dependence and promoting economic diversification.

Promoting tourism as a major driver of economic growth is one key strategy employed by the government. The nation's stunning natural beauty and rich cultural heritage make it an attractive destination for visitors worldwide. As a result, tourism has seen significant growth in recent years, contributing substantially to the country's GDP.

In addition to promoting tourism, the government has also implemented initiatives aimed at promoting economic diversification. These include investments in agriculture and manufacturing, as well as efforts to promote entrepreneurship and small business development.

The approval of the 2026 budget marks a significant milestone in these efforts, demonstrating the government's commitment to transforming São Tomé and Principe into a thriving economy capable of supporting its citizens. With the budget approved, the government can now focus on implementing policies outlined in the document, designed to promote sustainable development and reduce poverty.

As São Tomé and Principe continues to make progress towards its goals, it is clear that Prime Minister Ramos' leadership will be crucial in shaping the nation's future.