By Hermenegildo Manuel
Africa-Press – Angola. The adjustment of the central instrument of the National Planning System (SNP) and the Long-Term Strategy (ELP – Angola 2050), a basic tool for the preparation of the National Development Plan (PDN), marked the current economic situation in the year about to to end.
The Government undertakes a paradigm shift in the country’s planning system, in relation to the previous Long-Term Strategy Angola 2025, a replacement justified by the lag in previously achieved results, resulting from internal and external factors, by need to align with new international commitments assumed by the country, as well as the need to harmonize the time horizon.
The ELP – Angola 2050 presents the country’s strategic long-term development options, being prepared based on scenario analysis, for the national, sectoral and territorial levels, and points out human capital (education, health and others), infrastructure -structures (production, transport and distribution of electrical energy) and diversification as the priority sectors for the country’s new dimension of economic growth.
This is a necessary resource for the leap forward that is intended to be achieved by 2050, and resources from citizens, commercial banking and the most diverse areas must be mobilized, via foreign direct investment.
The Long-Term Strategy is the basic tool for preparing the National Development Plan (PDN), which presents the country’s long-term strategic development options, being prepared based on scenario analysis, for national and sectoral levels. and territorial.
The document in reference predicts that the Non-Petroleum Gross Domestic Product (GDP-NP) will grow 3.3 times, from 84 to 275 billion US dollars, by 2050, with the country’s population estimated at 70 million population.
The ELP – Angola 2050 also foresees an increase in Non-Oil Per Capita GDP of around 1.2 times, from the current 3 thousand 67 to 4 thousand 215 dollars, counting on the support of non-oil exports that are expected to grow 13 times more, going from five thousand to USD 64 billion.
The GDP, currently valued at USD 122 billion, is expected to reach USD 286 billion, which will represent a growth of 2.4 times more and the Public Debt will see a reduction of 6%, going from 66 to 60 percent over the GDP.
For the next 27 years, within the framework of Angola 2050, the life expectancy of Angolans will increase by six years, from 62 to 68 years of age, and the mortality rate, between the five years, will fall from 56% to 19% .
Projections indicate that unemployment will fall from 30% to 20%.
During the year under review, the Angola Economic Outlook 2023 was also worth highlighting, during which the economic team presented the country’s macroeconomic performance indicators in light of the reforms promoted since 2018.
The biannual event had its “kick-off” exit”, in April this year, with the first edition, with the theme “From economic recovery to sustainable development”, which also addressed the macroeconomic reforms developed by the Government to remove internal and external imbalances in the economy.
The debate in the OGE 2023 took as its starting point the gains achieved so far, such as the resumption of the trajectory of positive fiscal balances and surplus balances in the current account of the balance of payments and the reduction in the stock of public debt as a percentage of GDP.
Also under analysis were measures that boosted the return to the economic growth trajectory in Angola, after a long period of recession.
The holding of two editions of the Angola – DRC Economic Forum, which served to search for opportunities for sustainable growth and strengthening bilateral relations between the two countries, is another highlight throughout the year.
The forum served to demonstrate a commitment by both nations to promoting economic cooperation and strengthening bilateral ties, with the definition of a comprehensive action plan for
common economic and trade issues, as well as publicizing the measures and reforms implemented by the governments of both countries. countries.
Angola and the DRC share a common border of 2 thousand 511 kilometers. Together they make up a market of more than around 140 million consumers, with Angola offering access to the Atlantic Ocean to the DRC through the Lobito Corridor.
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