Ver Angola


Government reviews economic programming with an average price of 100 dollars per barrel of oil

The Government revised the executive macroeconomic programming for 2022, adopting an average price per barrel of US$100 and keeping the inflation rate at 18 percent and the forecast for economic growth at 2.7 percent.


The review was analyzed this Wednesday at the first meeting of the Council of Ministers after the elections on 24 August, taking into account the performance of macroeconomic variables up to the second quarter of the current year.

According to a statement from the Council of Ministers, the basis for this review are the consolidation of economic activity, increase in international reserves, stability in the foreign exchange market, 'surplus' of fiscal accounts and of the external sector, maintenance of the trajectory of reduction of the general level of prices, improvement in the "debt service/tax revenue" ratio and the expansion of the total monetary base.

The 2022 OGE has a reference price of 59 dollars per barrel.

The executive also reiterated the need to continue the actions aimed at increasing domestic production of essential products for broad consumption and reducing the unemployment rate.

The Government also admits to reinforcing the financing line for the Credit Support Project (PAC) by over 20 billion kwanzas by the end of the year in view of the huge demand for financing from the manufacturing, tourism, textiles and solid waste sectors.

Initially, 41 billion kwanzas had been made available for this line to finance around one thousand production units (700 companies and 300 cooperatives).

Until 31 August, the PAC had approved 1531 projects, of which 1329 are companies and 202 cooperatives.


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