This Monday, the Angolan government reviewed the proposal for the General Government Budget 2024 (OGE-2024), in which revenues and expenditures are set at 24 billion kwanzas (27.6 billion euros), and the document now goes to the National Assembly.
According to the press release of the meeting of the Council of Ministers held this Monday under the leadership of Angolan President João Lourenço, the government forecasts economic growth of 2.8% in 2024, “supported solely and exclusively by the non-oil sector”, which is expected to grow by 4. 6%, forecasting a decline in oil production of 2.6%.
Economic forecasts for next year were prepared based on an average price per barrel of oil of $65 (61.7 euros) and average daily oil production of one million and 60 barrels, forecasting inflation to settle at 16.6%.
The statement emphasizes that the executive branch, “recognizing the challenges facing the national economy,” is presenting a wide package of temporary, permanent and structural measures in the OGE proposal for 2024.
This set of measures, the statement adds, aims to prioritize issues related to increasing the income of families and workers, increasing investment in the economy and companies, as well as increasing the sustainability of the OGE.
“The Executive Branch, as part of the OGE 2024, will continue to protect the most vulnerable segments of the population and therefore reaffirms its commitment to increasingly expanding the Quenda program, striving for wider coverage of families,” the document released to the press emphasizes.
In terms of the real economy, the government says it is investing in, among other things, increasing production capacity and the supply of goods and services in a diversified and inclusive manner, mitigating food insecurity risks and achieving food self-sufficiency. sufficiency, achieving the desire to reduce dependence on oil.
Also this Monday, the Council of Ministers assessed the report on the execution of the OGE budget for the third quarter of 2023, which will also be presented to parliament.
According to the report, the executive branch found that in the third quarter of this year, revenues were collected below expenses incurred, which led to a deficit budget result. “However, the current account was in surplus for the period, indicating that current revenues are sufficient to cover operating expenses for the period,” he added.
In the third quarter, inflation continued its upward trend, reaching 15.01% in September last year, representing an increase of 3.76 percentage points compared to the figure observed at the end of the second quarter and a decrease of 3.15 percentage points compared with the same period in 2022. .
Author: Lusa
Source: CM Jornal
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