Ver Angola


Decrease in inflation in the order of 18 percent influenced by the operationalization of REA

Luís Epalanga, national director of Studies and Planning at the Ministry of Economy and Planning, noted that this year's decrease in inflation of around 18 percent was influenced by the operationalization of the Strategic Food Reserve (REA) as well as by the orientation of a restrictive strategy.


"The recovery is also due to the expected recovery of non-oil economic activity", with an impact on the increase in the domestic offer of products and services to monitor the exchange rate balance, said the official, who was speaking at the briefing of that authority.

Cited by Angop, Luís Epalanga also mentioned that the forecasts point to a development in the order of 2.7 percent of the Gross Domestic Product (GDP), supported by the rise of the non-oil sector (3.2 percent) and the oil sector (2 .1 percent).

He also considered that the development of the non-oil domain will continue to be led by the agriculture, fisheries, industry, trade and construction sectors: "The growth of the non-oil sector will continue to be led by the agriculture (four percent), fisheries ( 10 percent), industry (five percent), commerce (3.4 percent) and construction (2.4 percent)".

The official also took the opportunity to emphasize that the fiscal accounts should show a surplus fiscal result of around six percent of GDP, adding that the stock of government debt should show a reduction of around 25 percent compared to last year.

In the external domain, the official indicated that a surplus of around 3.6 billion dollars is expected in the Balance of Payments, enabling an increase in Net International Reserves by around 4.4 billion dollars, writes Angop.


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