Africa-Press – Angola. The proposed General State Budget (OGE 2025) will be discussed and voted on tuesday, in general terms, during a joint meeting of deputies. The proposed General State Budget for 2025 foresees expenditures in the amount of Kz 34.63 billion, an increase of 40 percent compared to the OGE 2024, and was prepared based on an average price of USD 70 per barrel of oil, an average daily production of 1,098.00 thousand barrels and a forecast of 19.29 percent for the average inflation rate.A real growth rate of Gross Domestic Product (GDP) of 4.14 percent is expected, with the contribution of oil GDP being 1.58 percent and non-oil GDP being 5.15 percent.
The Social Sector accounts for 21.55 percent of Total Expenditure (including debt), amounting to approximately Kz 7.46 billion. Of this amount, Kz 2.24 billion is allocated to Education (6.46% of total expenditure), Kz 1.94 billion to Health (5.61%), Kz 1.67 billion to Housing and Community Services (4.82%) and Kz 1.38 billion to Social Protection (3.97%).
Still from the perspective of the functional distribution of expenditure, Financial Expenditure, including debt service, is the main heading of the 2025 State Budget proposal, with a weight of 51.13% of total expenditure; the document reflects in detail that spending on debt service, included in Financial Expenditure, will reach up to Kz 16.87 trillion (49% of the State Budget). Services
General Public (11.56%) comes in third place, followed by the Economic Sector (7.97%) and Defense, Security and Public Order (7.79%).
As for the expenditure category, Capital Expenditure totals Kz 6.15 billion (17.76%), Expenditure on Goods and Services Kz 4.31 billion (12.43%), Employee Remuneration Kz 4.30 billion (12.41%) and Transfers, which include subsidies, Kz 2.83 billion (8.20%).
Among the OGE’s priorities are improving income, with a 25% increase in civil service salaries, and food security, with a credit line to support the development of the agricultural sector, the allocated value of which is Kz 403.40 billion.
Likewise, the strengthening of Social Programs is part of the priorities, with emphasis on the Integrated Program for Local Development and Combating Poverty (PIDLCP), budgeted at Kz 232.21 billion, and the Program for the Modernization and Expansion of Social Security, with an amount of Kz 369.43 million.
Regarding the improvement of the performance of the Public Investment Program, which totals Kz 5.54 billion, the goals are focused on the Reinforcement of the Budget Allocation for projects with secured financing, with an amount of Kz 4.13 billion. The PIIM (Integrated Intervention Plan in Municipalities) is budgeted at Kz 156.60 billion.
In terms of revenue, the Government expects to collect an amount of Kz 14.64 billion in financing revenue (16% of GDP), Kz 10.85 billion (12%) in Oil Taxes, Kz 6.15 billion (7%) in Non-Oil Taxes and Kz 2.99 billion (3%) in other revenues.
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