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Thursday 17 June 2021
HomeAfrica'Angola's 2013 Draft Budget in line with national development plan'

‘Angola’s 2013 Draft Budget in line with national development plan’

The Angolan Finance minister, Carlos Alberto Lopes, has said that State’s General Budget proposal for the year 2013, approved Tuesday by the Cabinet Council, is in line with programmes outlined in the National Development Plan for the 2013-2017 period.

In his analysis of the budget proposal Tuesday before the press, the minister explained that the National Development Plan foresees an inflation of 9 per cent a year and an oil production of about 673.5 million barrels at the price of US$ 96 per barrel, as well as a growth of the Gross Domestic Product (GDP) of 7,1% (6.6% from the oil sector and 7.3% from other sectors).

The minister also revealed that the 2013 General Budget Draft foresees incomes and expenditures estimated at 6.6 trillion kwanzas, 50% of which are revenues from the oil sector, 17% from the non-oil sector, 15% from internal financing and 11% from external financing.

He said the for its nature, the Budget also prioritises the increase of socio-economic infrastructures, envisaging measures aimed at increasing employment and well-being of the
population.

The minister revealed that the Budget Draft, which will be submitted to the National Assembly on Friday, allocates a significant sum to primary education.

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