ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



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


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
  • 05/02/2019 11:29:16

    Pinda Simão praises nationalists' sacrifice

    Uíge - The provincial governor of Uíge, Pinda Simão, praised the commitment of the heroes of February 4, who gave their lives and consented sacrificed for the achievement of the national independence.

  • 04/02/2019 12:28:07

    Monument flag hoisted for sixth time to mark February 4

    Luanda - The Monument flag was hoisted on Monday for the sixth time in Luanda to celebrate the 58th anniversary of the beginning of the National Liberation Armed Forces (February 4, 1961), which is being marked today throughout the country, whose Central act happens in Cabinda.

  • 31/01/2019 11:51:22

    Celeste de Brito denies having forged vice president's signature

    Luanda - The defendant Celeste de Brito, the first out of four Angolan citizens to be interrogated in the case ?Thai Swindle? denies having forged the signature of Angola?s vice president, Bornito de Sousa, to enable the entrance of four Thai citizens to invest in the country.

  • 26/01/2019 12:55:18

    Border Provinces Deserve "Special Attention" - FAA

    Luena - The Angolan provinces bordering the Democratic Republic of Congo and Congo Brazzaville deserve "special attention? from the Angolan Armed Forces (FAA), said Thursday in Luena, General chief of staff, Egídio de Sousa Santos.