Luanda – Angola’s Draft Budget (OGE) for 2023, with revenues estimated at 20.104 billion, was reviewed during a Cabinet Council meeting held Thursday in Luanda.
The proposal foresees a reference price of USD75 per barrel of oil and an average oil production of 1.18 million barrels, states the final communiqué from the session chaired by the President João Lourenço.
The statement adds that the document forecasts an inflation rate of 11.1 percent and a real Gross Domestic Product (GDP) growth of 3.3 percent, compared to the 2.7 percent growth predicted for 2022.
The OGE 2023 proposal, which is going to the National Assembly, is a programmatic instrument that sets the amount to be collected in the economic year.
This instrument establishes management criteria, with a view to meeting collective needs and ensuring the sustainability of the country’s public finances.
Source: Angola Press News Agency