Angola: Parliament Approves 2013 State Budget

Angola: Parliament Approves 2013 State Budget

Luanda — The National Assembly passed on Tuesday the 2013 State Budget that foresees incomes and expenditures worth 6,635,567,190,477,00 trillion Kwanzas, Angop has learnt.

The document of the State financial management was approved in an ordinary plenary session, chaired by the Speaker of the Parliament, Fernando da Piedade Dias dos Santos, with 156 votes in favor, eight against and 31 abstentions.

The document was presented by the Minister of Finance, Carlos Lopes, being that the budget gives priority for the social sector with 33,5 per cent, education (8,09), Health (5,29), social protection (10,83), housing (7,02) and environmental protection (1,1).

According to the budget, the public administration has 23,6 per cent and defense and economics sectors have about 18 per cent.

The Minister explained that the budget was defined taking into account the real growth rate of the gross domestic product of 7.1 per cent, the exchange rate (96,30 Kwanzas per dollar), as well as the inflation rate of 9 per cent.

Meanwhile, the oil sector will contribute for the budget with 50 per cent, due to the growing of the production and the favorable prices, followed by the incomes of the non-oil sector, with 17 per cent and external financing, with 12 per cent.


via AngolaPress

Angola: Parliament Approves 2013 State Budget

Parliament has endorsed the national budget which focuses on health, education and environment.



You might also like…


Matthew Ozah: Nigeria’s Long Walk To Industrialisation

 At no point in recent history has Nigeria’s government been so serious with development programmes than it has been under the Buhari administration. However, the ambition of the current administration to industrialise the country seems threatened, according to reports about concerns and frustrations expressed by the Minister of Finance, Mrs. Kemi Adeosun. The minister was […]


Guinea’s Government Signs $770 Million Contract With Chinese Firm To Develop Conakry Port

 China Harbour Engineering Company (CHEC) signed a $770 million contract with Guinea’s government on Monday to upgrade the port in the capital, Conakry, expanding Chinese economic influence in the West African iron and bauxite producer. Under the contact, CHEC, a subsidiary of China Communications Construction Co Ltd, will construct three docks, roads and other infrastructure […]

Solar Power

Japanese Government Donates Solar Power Worth $9.7 Million To Nigeria

 The Japanese government has donated solar power worth $9.7 million to the Federal government to boost electricity in the country. The donation was made through its agency, Japan International Cooperation Agency (JICA) Chief Representative of JICA, Nigeria office, Mr Hirotaka Nakamura, said improving core infrastructure including power sector in Nigeria was one of the priority […]

Leave a Reply

Your email address will not be published. Required fields are marked *