14 January 2013

Angola: State Budget for 2013 in Parliament On Tuesday

Luanda — The State Budget for 2103 will be discussed and voted at a plenary session of the National Assembly (Angolan Parliament) on January 15, next week Tuesday, Angop learned.

The agenda for the third plenary session of the Parliament was approved Wednesday at a meeting of leaders of parliamentary benches, chaired by the National Assembly speaker, Fernando da Piedade Dias dos Santos.

Ahead of the discussion of the State Budget, there will be the presentation of political declarations, followed by a letter from the head of State to the MPs.

The agenda comprises a report, a bill and eight annexes that relates the development of projects the Executive is set to carry out in terms of finance.

With revenues of about Akz 6.6 trillion, against Akz 4.5 trillion of 2012, the State Budget for 2013 represents 55,5 percent of the Gross Domestic Product.

The social sector will take the biggest share with 33,5 %, followed by the sector of administration with 23% and the economic with about 18%.

The State Budget is being submitted to parliament only now, as there was need for an alteration to the concerned Framework Law.

In the meantime, the Executive, seeking to avoid eventual constraints with the expenditures in January this year, approved the Treasury Plan for the period in respect, thus ensuring the funds to secure the functioning of public services institutions.

The said Treasury Plan is also intended to respond to external debt needs.

The National Assembly will host a comprehensive discussion of the State Budget for 2013, with the participation of all segments of the civil society, over a period of one month, until it is definitely approved on February 14.

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