PME 2024, approved by the Economic Commission of the Council of Ministers, chaired by the chief executive, João Lourenço, expects growth in the non-oil sector of 5.31 percent, against the 4.62 percent predicted in the General State Budget (OGE) 2023.
The document focuses on evaluating the performance of macroeconomic variables in 2023 and anticipating performance to 2024.
For the current economic year, it indicates that the fiscal sector will present a surplus balance of 1.82 percent of GDP, revised upwards compared to the fiscal balance of 0.02 percent of GDP predicted in the 2024 OGE.
The increase in international reserves, "whose 'stock' should stand at 14.93 billion dollars at the end of the period" is another of the positive predictions of the document approved this Tuesday, resulting from the growth of the monetary base and, "in the external sector, the balance of payments surplus was in the order of 198.50 million dollars".
The Economic Commission of the Council of Ministers also approved the Strategic Plan of the Sovereign Fund of Angola 2024-2028, a document with the assumptions for the approach to investment and its management, the Annual Activity Plan of the National Oil, Gas and Biofuels Agency (national concessionaire) with the actions to be developed during this year, as well as the respective budget.
