Luanda — An analysis of the 2020 State General Budget (OGE) Draft, released last Thursday, recommends the transfer of funds allocated for implicit budget items to concrete actions in the social sector.
The document proposes that from the perspective of the Executive, above all, aims to consolidate the macroeconomic stability necessary for the resumption of the economic growth and, therefore, to strengthen the role of the productive and social sectors.
Called "Quick Analysis of the 2020 State Budget Draft", the study was presented by the Action for Rural Development and Environment (ADRA), in partnership with UNICEF, the Citizenship Institute (Mosaiko) and the Angola Political and Social Observatory (OPSA).
Since 2016, these organizations have been producing and disseminating thematic analysis pamphlets about the State Budget, with the aim of promoting budget literacy and strengthening dialogue between different sectors.
This analysis was designed with focus on key social sectors such as education, health, child survival, social protection, family farming, nutrition, juvenile justice, birth registration, water and sanitation.
The State General Budget (OGE) Draft for 2020 was approved in November this year, in general terms, by the Parliament.
The bill, which is now under consideration in the specialty committees, was approved with 119 votes in favor (MPLA), 46 against (UNITA and CASA-CE) and nine abstentions from the PRS and FNLA at the first Ordinary Plenary meeting of the 2019/2020 legislative year.
To ensure macroeconomic stability in the current context, the Executive prepared next year's State Budget based on the average crude oil price of US $55 a barrel, a 25 percent inflation rate and a the prediction of a Gross Domestic Product (GDP) growth of 1.8 percent.
The social sector will absorb 40.7 percent of the spending, about 27.6 percent more than last year. In this sector, it is highlighted the areas of environmental protection, housing, community assistance and health with a budgetary growth of 182.1 per cent, 51.2 per cent and 35.6 per cent, respectively.