Africa-Press – Angola. Angola’s public debt stock is valued at $60 billion, of which $45 billion is external and has a repayment period of nine years, respectively.
The overall stock of Angolan public debt is around 60 billion dollars (51.6 billion euros), with external debt representing around 45 billion dollars (38.7 billion euros), said the general director of the Angolan Public Debt Management Unit (UGDP), Dorivaldo Teixeira.
According to the official, Angola’s external debt is currently the most decentralized with a maturity (repayment period) of around nine years and the internal debt with a “residual” maturity of three years.
Dorivaldo Teixeira, who spoke in Luanda, on the sidelines of the second day of the Angola Economic Forum (AEF2025), also said that the institution he heads is currently undertaking a “process of cleaning up” public debt, aiming to decentralize it.
“Because one of the elements we need to mitigate in Angolan debt is its concentration, that is, we have a very concentrated debt in the short term and it is necessary to dilute it, and this is what we call the sanitization process that has been done gradually,” he argued.
The official highlighted that the “cleansing” of Angola’s public debt, underway at the UGDP, a body overseen by the Angolan Ministry of Finance, has allowed the maturity of domestic debt, which a few years ago was concentrated at two years, to be extended to three years.
On the other hand, he assured that the process of reducing interest rates “will be continuous”, requiring a set of factors such as reducing inflation and, with that, creating conditions to increase and strengthen the State’s treasury capacity.
Regarding the settlement of the internal debt, the official said that it follows a schedule, namely its recognition and certification by the General Inspectorate of State Administration, noting that an annual payment of 300 billion kwanzas (283 million euros) has been defined.
The general director of the UGDP also said that businesspeople’s concerns about the payment of arrears by the Angolan State “are natural”, noting, however, that between January and August 2025 more than half of the annual ‘ceiling’ (more than 150 billion kwanzas) had already been paid.
“We are already more than halfway through the ceiling we had established of around 300 billion kwanzas, we have been giving priority to smaller debts and then moving on to larger ones,” he responded when questioned by Lusa.
Regarding the proposed audit of Angola’s public debt, which has been advocated numerous times by political actors and members of civil society in the country, Dorivaldo Teixeira considered that this stems from citizens’ expectations for more information about debt management.
He assured that the body he heads has been working and making an effort, which has already yielded positive results, with the regular publication of information, such as the annual debt plan and quarterly bulletins, “with the aim of providing more information on debt transparency.”
Dorivaldo Teixeira was a speaker on one of the AEF2025 panels that addressed “economic growth, public investment and public debt: challenges and opportunities.”
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