Africa-Press – Angola. The draft State Budget (OGE) for 2026 delivered to the National Assembly on October 31, includes 313 billion kwanzas to capitalize public companies, announced the Minister of Finance, Vera Daves de Sousa.
According to the minister, the distribution of this amount is not yet defined, however she said that the Development Bank of Angola (BDA) will receive a portion of the value.
The minister said that strengthening the BDA’s capital will expand the bank’s capacity to grant incentives to projects diversifying the Angolan economy.
As regards to the reforms in public business sector, the minister guaranteed that the privatization process “will not involve all companies under state management,” as the profitability of the companies will be taken into consideration in this process.
“We will sell some and keep others. Those companies that will remain under state control must guarantee profitability that reduces the risk of them becoming contingent liabilities for the state,” she said.
In terms of revenue, the outlook for 2026 points to a significant change, where income from outside the oil sector will, for the first time in the country’s financial history, constitute the largest source of income.
The government’s forecasts, included in the 2026 State Budget proposal, indicate revenue from outside the oil sector of 7.43 trillion kwanzas, not far from the 7.5 trillion kwanzas expected from oil.
“This is an interesting scenario. It seems the same, but it’s not. Even if we had a tie, it would be a great achievement. Inherent in this perspective is a set of efficiencies, which include bringing taxpayers closer. The interest forgiveness initiative will also help bring other taxpayers to the Federal Revenue Service,” the minister said.
Regarding financing revenues linked to gains obtained through financial operations, such as loan interest, income from financial investments, and profits from the sale of assets, the proposed State Budget forecasts 15.04 billion kwanzas, with domestic operations accounting for 7.11 billion and external operations for 7.93 billion kwanzas.
Debt projections indicate that it will account for 46% of the total 2026 Budget, a percentage that, according to the Finance minister , requires greater restraint in spending.
The draft State Budget for 2026 constitutes the main instrument for the State’s financial programming, defining the amount of revenue to be collected and the limits of expenditure to be executed in the next fiscal year.
Prepared based on an average oil barrel price of 61 US dollars, the draft sets public revenues and expenditures valued at 33 trillion kwanzas.
The 2025 State Budget, currently in execution, was approved with a total value of 26.4 trillion kwanzas, based on an oil barrel price of 70 US dollar.
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