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…

Why Nigeria must trade more with South Africa – Akin Oyebode

 There is room for the exchange of ideas between South Africa and Nigeria; this according to Akin Oyebode, Executive Secretary of the Lagos State Employment Trust Fund. CNBC Africa caught up with him at a Business Round table in Lagos. Read more here.  Comments comments

Egypt and Israel sign $15 billion natural gas deal

 Israel has signed a multi-billion-dollar deal with Egypt to supply natural gas to the northeast African country over a span of ten years. Israeli energy company Delek Drilling and its US partner, Noble Energy, announced on Monday that they had signed a gas deal worth $15 billion with Egypt to supply a total of 64 […]

Benin, Liberia and Nigeria lead Africa in ranking at maiden global robotics competition (SEE FULL RANKING)

 Benin and Liberia were ranked highest among the 40 African countries that participated in the just ended FIRST Global Challenge robotics competition held in the United States capital, Washington DC. The six-round maiden international robotics event saw 163 national teams including 6 continental teams made up of students from around the world competing with the common goal of increasing […]

Leave a Reply

Your email address will not be published.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