1 February 2013

Angola: Parliament to Approve State Budget On February 4

Luanda — The National Assembly (Angolan Parliament) will hold its 4th plenary ordinary session on February 14 in Luanda to approve the State Budget for 2013.

The decision to convene the meeting followed a session held Friday between the Parliament speaker, Fernando da Piedade Dias dos Santos, and the leaders of political parties' parliamentary bench.

Speaking to the press at the end of the meeting, the first secretary of the Parliament, Emília Carlota Dias, said another extraordinary session of the House has also been arranged for the same day.

The said extraordinary session will analyse internal matters, mainly the reshuffle of MPs, approval of the regulation for the functioning of the specialised commissions of the Parliament and other topics.

The State Budget for 2013, with revenues estimated at Akz 6.6 trillion was approved at a plenary session on January 15.

This was followed by a programme of discussions within specialised commissions with Government social partners and representatives of such sectors as those of economy, social, defence, security, home affairs and justice.

The State Budget makes provisions for 33,5 percent for the social sector, with education getting 8,9 percent, health (5,29), social security (10,83), housing (7,02) and environment protection (1,1).

Public administration follows with 23,6 percent and the sectors of defence and economy with 18 percent. A significant support will be given to the expansion of the economic and social infrastructures required to increase production, job and wellbeing of the population.

Investments will take 24,7 percent, personnel (19,51), debt payment (18,24), while goods and services will take 17,5 percent.

The State Budget was designed on the basis of a real growth tax of the Gross Domestic Product of 7,1 percent, exchange rate of Akz 96,30/Usd and an inflation rate of 9,0 percent.

The oil sector will contribute 50 percent, followed by the non-oil sector revenues with 17 percent, while external funds will respond for 12 percent.

The fiscal revenues are estimated at about Ak 4.5 billion and fiscal expenditures of Akz 4.9 billion, resulting in a fiscal deficit of 407.4 billion, equivalent to 3,4 percent of the Gross Domestic Product.

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