Africa-Press – Angola. The Angolan Executive collected 5.95 billion Kwanzas in revenue and spent 6.30 billion Kwanzas during the third quarter of 2025, resulting in a budget deficit of 362.92 billion Kwanzas, Finance Minister Vera Daves de Sousa said Friday in Luanda.
In statements to the press, on the sidelines of the extraordinary session of the Council of Ministers, chaired by the President of the Republic, João Lourenço, she stated that despite the overall deficit, the period recorded a current surplus of 0.7 billion Kwanzas.
According to Vera Daves, the Execution Report of the General State Budget for the third quarter has been approved and is now going to the National Assembly, complying with legal deadlines.
He said the document also presents an update on the public debt stock, which at the end of the quarter stood at 60.08 trillion Kwanzas, a value equivalent to 65.87 billion dollars considering the fiscal exchange rate used.
Tax Code
In today’s session, the Council of Ministers also approved the Draft Law approving the Personal Income Tax Code (IRPS).
According to the minister, this legislation complements the Corporate Income Tax Code (IRPC), which has already been submitted and discussed in general in Parliament.
Vera Daves recalled that the IRPS draft had been previously submitted to the Council of Ministers, which recommended its public consultation.
“Contributions of various kinds were received, including from multilateral financial institutions. These contributions were incorporated, allowing the proposal to return to the Council of Ministers today for approval,” she explained.
The proposal now goes to the National Assembly, where it will be discussed according to the parliamentary calendar.
On Friday, the Council of Ministers, in an extraordinary session, reviewed the report on the execution of the General State Budget for the third quarter of 2025, a document that represents a summary of the General State Budget, reflected in the budgetary, financial, and asset balance sheets and in the statements of changes in assets.
The Council of Ministers is the collegiate body that assists the President of the Republic, as Head of the Executive Branch, in the formulation and conduct of the country’s general policy and the Public Administration. Ordinary sessions take place in the last week of each month, while extraordinary sessions take place whenever convened by the President of the Republic for that purpose.
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