Africa-Press – Angola. The Council of Ministers considered this Monday, in Luanda, for sending to the National Assembly, the Execution Report of the General State Budget (OGE) for the IV Quarter of 2023.
The document, assessed during the II extraordinary session chaired by the President of the Republic, João Lourenço, presents information relating to the budgetary, financial and patrimonial execution of the period in question.
According to the final communiqué of the meeting, the OGE 2023 was approved with the average Brent quotation price of USD 75 per barrel and the forecast of a Gross Domestic Product (GDP) growth rate of 3.3%, supported simultaneously due to the growth of the oil sectors by 2.98% and non-oil sectors by 3.4%.
However, during the IV Quarter of 2023 the average price of a barrel of crude oil was USD 82.70, representing a difference of 10.3% above the initially predicted value.
The note states that inflation maintained its rate of acceleration, in year-on-year terms, and in December it stood at 20.01%, representing an increase of five percentage points in relation to that observed in September of the same year.
In relation to the total revenue collected, the document states that it was executed at 23% of the estimated annual revenue and, in terms of breakdown, represented 73% of current revenue and 27% of capital revenue, having overall shown a slight reduction 4% compared to the same period last year.
Meanwhile, the expenditure incurred in the period corresponded to an execution of 21% in relation to the total budgeted expenditure and an increase of 14%, compared to the same period last year, with current expenditure representing 46% of the total expenditure of the period and expenditure of capital stand at 54%.
The document also highlights that around 21% of the total budgeted expenditure was implemented in the same period, highlighting expenditure on the social sector, which comprises the subsectors of Health, Education, Social Assistance and Protection, Housing and Community Services, Recreation , Culture and Religion, as well as Environmental Protection, executed at 23% of the total budgeted amount, followed by the economic sectors with 29% and defense and security with 32%.
Within the scope of ongoing programs, expenses were incurred for the Integrated Local Development and Poverty Combat Program (PIDLCP), the Production Support, Export Diversification and Import Substitution Program (PRODESI).
Expenses were also executed for the Integrated Program for Intervention in Municipalities (PIIM) and the Public Investment Program (PIP), totaling an overall average of around 21% of execution of the planned expenditure for the period in question.
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