Angola: Parliament Recommends Maintenance of Fuel, Energy Subsidies

Luanda — National Assembly has recommended the Executive to keep the maintenance of fuel and energy subsidies.

During a session to vote State Budget (OGE) 2021 Draft on Monday, MPs said that the maintenance of subsidies aims to avoid the increase in prices and costs of maritime, port, fishing, agricultural and annex activities, to encourage the national business community.

Available data indicates that the Executive spends almost 2 billion dollars annually on fuel price subsidies.

Currently, the litter of diesel oil costs 120 kwanzas while petrol stands at 160 kwanzas.

During a meeting with the journalists in March this year, the minister of Finance, Vera Daves, assured that the removal of the subsidies from the oil prices would be done with adequate caution due to the impact.

"That is why we are reflecting so far, we want to prevent the impact from being too strong, we want to ensure that the impact is as small as possible," said the minister at the time, explaining that this is why the decision has not yet been taken.

In their report, the MPs also suggest the implementation of measures of support for private sector to foster the diversification of the national economy and sustainable economic development.

The MPs also defended the review of the fees attributed to the National Support Programme, Diversification of Exports and Imports Replacement (Prodesi).

Apart from the construction, rehabilitation and equipment of health, education and culture units, the MPs recommend holding of public tender for admission in education and health sector in 2021.

For the real economy sector, the parliament suggests the completion of rehabilitation works and national roads.

The State Budget OGE 2021 was approved during the 3th Plenary Extraordinary Meeting, with 141 votes in favor, 48 against and two abstentions.

The 2021 State General Budget foresees expenses and revenues of 14.7 billion kwanzas and based on the oil barrel price of USD 39.

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