Thu 14 Feb 2013

Angolan Parliament approves 2013 budget

  • By Mohammed Sheriff and 1 other
  • Last Update: 4 years ago
  • Luanda, ProvĂ­ncia de Luanda, Angola

Angola's Parliament, the National Assembly, holds its fourth plenary ordinary session to approve the State Budget for 2013.

The Budget has been designed on the basis of a real growth tax of the Gross Domestic Product (GDP) of 7.1 percent, an exchange rate of USD/Kz 96,30 and an inflation rate of 9 percent.

Revenues for 2013 are estimated at Kz 6.6 trillion, from which Kz 4.5 billion from taxes. Angola's government is expecting a fiscal deficit of Kz 407.4 billion, which will account for 3.4 percent of the country's GDP. - Angola: Cash Flow Budget for February Approved on 2013-08-02

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