13 February 2013

Angola: Parliament Plenary Session to Approve 2013 State Budget

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

The decision to meet followed a session between the National Assembly speaker, Fernando da Piedade Dias dos Santos, and the Parliament benches' leaders held on February 1.

Speaking to the press, the first secretary of the Parliament, Emília Carlota Dias, said an extraordinary session of the House was be also called to analyse internal matters, particularly concerning the reshuffle of MPs, approval of regulations for the functioning of specialty commissions.

The 2013 State Budget with revenues and expenditures estimated at Akz 6,6 trillion was generally approved on January 15.

A wide programme of discussions between the specialised commission and the Government social partners and representatives of the sectors of the economy, social, defence, security, public order and justice followed.

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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