Luanda: 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 Angola Press News Agency, the distribution of this amount is not yet defined, however, the minister stated that the Development Bank of Angola (BDA) will receive a portion of the value. The minister mentioned that strengthening the BDA’s capital will enhance the bank’s capacity to provide incentives to projects that diversify the Angolan economy.
In relation to reforms in the public business sector, the minister assured that the privatization process will not encompass all companies under state management, noting that the profitability of these companies will be a deciding factor 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 stat
e,’ she said.
Regarding revenue, the forecast for 2026 indicates a pivotal change where income from outside the oil sector will, for the first time in the country’s financial history, become the largest source of income. Government forecasts in the 2026 State Budget proposal anticipate revenue from outside the oil sector of 7.43 trillion kwanzas, approaching the 7.5 trillion kwanzas expected from oil.
The minister described this scenario as ‘interesting,’ noting that even a tie would be a significant 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,’ she added.
As for financing revenues linked to 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 represent 46% of the total 2026 Budget, a percentage that, according to the Finance minister, necessitates greater spending restraint. The draft State Budget for 2026 serves as the main instrument for the State’s financial programming, defining the revenue to be collected and the expenditure limits for 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 dollars.
