Africa-Press – Angola. The General State Budget Execution Report (OGE), referring to the third quarter of 2023, will be voted on, on Wednesday (28), at the Plenary meeting of the National Assembly (AN).
The document’s joint opinion report, recently approved by Parliament’s specialized committees, with 26 votes in favor, 9 against and one abstention, found, throughout the third quarter of 2023, that of the 164 municipal administrations, only 46 submitted the due accounts..
The joint opinion report, which covers 18 recommendations to the Executive, points out that of the country’s 18 provinces, only four have fully complied with the due accountability, namely those of Cuanza- Norte, Huambo, Malanje and Namibe.
It also states that of the 88 diplomatic and consular missions, only 23 reported regularly, 36 reported irregularly and 29 did not report.
The 2023 OGE Execution Report was sent to the National Assembly on October 31, 2023 (within the deadlines provided by law).
The inflation rate for the period under review stood at 12.22 percent, above the inflation rate of 11.1 percent defined in the 2023 OGE.
Average daily production of 1.12 million barrels, below the quota set in the 2023 OGE, estimated at 1.18 million barrels.
The average export price of a barrel of oil was USD 86.3 per barrel, representing an increase of USD 11.3 per barrel in relation to the fiscal price of USD 75.00, defined in the 2023 OGE.
Diamond revenue recorded a revenue level of 13 percent and an increase of 33 percent compared to the third quarter of 2022, despite having recorded a participation rate of 0.39 percent of total revenue.
The Execution Balance Report for the third quarter of OGE-2023 was carried out in a context of uncertainty regarding the recovery of the national and international economy, given the maintenance of the geopolitical situation, which has induced a shock in the price of a barrel of oil on the international market..
The General State Budget for the 2023 Economic Year estimates revenues and establishes expenses in the amount of kz 20,104,207,404,872.00 (twenty billion, one hundred and four billion, two hundred and seven million, four hundred and four thousand, eight hundred and seventy-eight two Kwanzas).
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