Africa-Press – Angola. The Angolan government has collected revenues estimated at 6.12 trillion kwanzas in the first three months of this year to support the 2025 State Budget (OGE), Secretary of State for Finance and Treasury Ottoniel dos Santos revealed on Thursday in Luanda.
Speaking during the debate and vote on the OGE Implementation Report for the first quarter of this year at the National Assembly, the official clarified that the amount was collected in the categories of capital, with 44%, and current capital (56%).
Santos said the current revenues from the oil sector amounted to 2.03 trillion kwanzas, while expenditures represented 19% of the State Budget execution and 33% of the contribution to the current fiscal year.
He added that other tax revenues amounted to Kz 1.03 trillion, representing 15% of the State Budget execution, which amounts to a total of current revenues in the order of 3.42 trillion kwanzas (17%) and a contribution of 56% of the total collected in that period.
The Secretary of State said that capital revenues amounted to 2.69 trillion kwanzas, representing a total of 18% of execution and a contribution of 44%.
Ottoniel dos Santos said that expenditures during the period under review amounted to 6.61 trillion kwanzas, which are also subdivided into two categories, capital and current capital, representing 53% of the total for the period, while current expenditures amounted to 47% of the total executed.
He pointed out that current expenditures accounted for 22% of the State Budget for personnel expenses, in the order of 949 billion kwanzas, goods and services (510 billion kwanzas), and debt interest expenses valued at 1.05 trillion kwanzas.
According to the official, these expenditures total 3.14 trillion kwanzas, representing an execution of around 21% compared to the State Budget and contributing 47%.
Ottoniel dos Santos said that in capital expenditures, investment expenditures were around 1.35 trillion kwanzas and capital expenditures around 2.11 trillion kwanzas, for a total of 3.47 trillion, which represented a contribution of 53%.
He said that there are public debt operations, with the social sector accounting for 49% of total expenditure, defense and security accounting for 14%, the economic sector accounting for 8%, and finally general public services accounting for 7% of expenditure.
The Secretary of State also said that expenditure on the Public Investment Program was 1.3 trillion kwanzas, representing a total execution of 24% compared to the State Budget and an increase of 46% over the same period last year.
Regarding public debt servicing, he said that there was a total domestic debt of around 3.55 trillion kwanzas and a service of around 1.86 trillion.
He indicated that the external debt had a total disbursement of financing of around 603 billion kwanzas and a total service of 1.14 trillion.
Regarding the balance of the Annual Debt Plan, he pointed out that the three main indicators monitored in the public debt stock totaled 57.12 trillion kwanzas.
He explained that it was essentially composed of domestic and external debt, with domestic debt representing 27% of the total and external debt 73% of that amount.
He indicated that the debt stock of public companies was, at the time, a total of 1.98 trillion kwanzas, representing 95% for Sonangol’s debts and 5% for TAAG.
Ottoniel dos Santos clarified that the total public debt stock is 59.10 billion kwanzas, of which 97% is government debt and 3% is public enterprise debt.
As for the budget execution balance, he emphasized that budget execution generated a deficit of 489.36 billion kwanzas and a current result of 291.32 billion.
The 2025 State Budget is valued at 34.63 trillion kwanzas, representing an increase of 40.13% over the previous budget (2024).
Overall, it forecasts GDP growth of 4.1%, strongly driven by the non-oil sector, which is expected to grow by 5.1%.
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