ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Politics

Thu, 01 Nov 2018 09:21 - Updated Thu, 01 Nov 2018 09:21

2019 Draft State Budget reaches National Assembly

Luanda - Last Wednesday the Executive handed over to the National Assembly the Draft State Budget (OGE) for 2019, estimated at 11.2 billion kwanzas, an amount higher than the 9.6 billion of the 2018 financial year.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

1 / 1

Chairwoman of the National Assembly's 5th Commission, Ruth Mendes

Photo: Francisco Miudo

Speaker of the National Assembly, Fernando da Piedade Dias dos Santos (left) receiving the OGE 2019.

Photo: Francisco Miudo

This main instrument of management and execution of the Government's policy was drawn up on the basis of a reference of 68 US dollars the price of a barrel of oil.


The document was handed over by the minister of State for Economic and Social Development, Manuel Nunes Júnior, on behalf of the Executive, to the Speaker of the National Assembly, Fernando da Piedade Dias dos Santos.


Regarding the sectoral distribution of the budget, the minister stressed Education and Health that will have significant allocations, in line with the recommendations of the United Nations to allocate a 10 percent of the Budget to these two sectors.


In the proposal, Health expenditures represent seven percent of the total, against four percent in the budget of the current year, while in Education the figure is six percent, against the four percent of 2018.

With this OGE, he said, the Executive envisages the economic recovery with a positive growth of 2.8 Gross Domestic Product (GDP) and a retraction of 1.1 percent, against 2.5 percent of 2017 and 2.6 percent of the year 2016.

Manuel Nunes Júnior valued the forecasts of the non-oil sector growth, since this one creates riches, jobs, income and will have more capacity to fight the poverty in the country.


Ruth Mendes, Chairwoman of the National Assembly's Finance and Economics Committee (5th Committee), highlighted the fact that the Executive has met the deadlines (the law establishes until the last day of October) to deliver the Draft State Budget (OGE), which must be approved by  15 December.
 

Read also
  • 08/11/2018 08:44:15

    Parliament starts 2019 State Budget discussions on 14 November

    Luanda - The 2019 Draft State Budget, amounted at 11.2 billion kwanzas, will be analysed and voted on, in its general terms, in the First Extraordinary Plenary Meeting of the National Assembly (Angolan Parliament), scheduled for 14 November.

  • 02/11/2018 12:31:22

    Nigeria denies alleged ill treatment of Nigerians in Angola

    Abuja - The Ministry of Foreign Affairs of Nigeria has deemed false the vídeo circulating in the social networks, showing Nigerian citizens allegedly being ill-treated in Angola.

  • 01/11/2018 18:31:37

    African Commission highlights human rights improvement in Angola

    Luanda - African Commission on Human and Peoples' Rights Wednesday highlighted the progress made by Angola in the fields of human rights as well as the quality of reports submitted at 63rd regular session in Banjul, Gambia, Angop learnt Thursday.

  • 01/11/2018 11:28:31

    Angola participates in military exercise in Gulf of Guinea

    Luanda - A multinational military exercise called "Grand African Nemo 2018" is scheduled for November 3 to 10, in an action that takes place within the framework of the operational partnership in the Gulf of Guinea, to which Angola takes part.