Information released by the Ministry of Finance reveals that the State collected 5.93 billion kwanzas in revenue in the second quarter, corresponding to only 17 percent of the projected annual revenue. On the other hand, expenditures totaled 6.44 billion kwanzas, representing 19 percent of the total budgeted in the 2025 State Budget.
This expenditure resulted in a budget deficit of 516.46 billion kwanzas.
Despite the overall deficit, the REOGE indicates a current surplus of 1.01 billion kwanzas, indicating that current revenues were sufficient to cover the State's operating expenses.
Furthermore, the statement also indicates that in the second quarter of 2025, the average price of Brent, the main benchmark for Angolan crude, was 67.39 dollars per barrel, 2.61 percent below the forecast in the 2025 State Budget, which assumed a price of 70 dollars per barrel.
The ministry also highlights the stability of the reference exchange rate, with the kwanza fixed at 911.97 per dollar, a slight appreciation of 0.03 percent compared to the previous quarter.
The appreciation of the national currency is attributed to the "positive effects of a prudent monetary policy, which ensured a level of liquidity compatible with economic growth, as well as the strengthening of the supply of essential goods, driven by measures to stimulate domestic production."
