Ver Angola


National Assembly budget proposal for 2024 with 25 percent increase

The National Assembly approved its draft budget for 2024, worth 62.6 billion kwanzas, an increase of 25 percent compared to 2023, according to a parliament resolution.


In accordance with resolution no. 19/23, of September 6, but published in Diário da República on Tuesday night, considering the needs of the institution and the country's macroeconomic context, the National Assembly approved the expenditure structure of the parliament's budget for next year's financial year.

The resolution highlights that this value must be discussed and negotiated with the executive, with a view to its inclusion in the 2024 General State Budget, highlighting that it essentially aims to meet the drafting and approval of bills by the National Assembly, improving the services provided by the parliamentary administration, safeguard the property rights, privileges and prerogatives owed to deputies of the V legislature (2022-2027) and former deputies.

This budget proposal also aims to strengthen interparliamentary and international cooperation relations and improve the working conditions of deputies from local offices supporting provincial electoral districts.

For the 2024 financial year, the budgetary unit of the National Assembly estimated revenue and fixed expenses in the amount of 62,605,067,992.50 kwanzas “fundamentally designed to cover the costs of remuneration and social guarantees owed to deputies to the National Assembly, employees and agents parliamentarians, as well as to ensure the functioning of its administrative and patrimonial structure”.

The National Assembly's expenditure table by economic nature indicates that the expected personnel expenditure is 25.1 billion kwanzas, representing 40.20 percent of the overall value.

“The current draft budget, for the 2024 financial year, compared to the budget currently being implemented in 2023, records a variation of around 25 percent, which corresponds to the amount of 12,521,013,598.50 kwanzas (…) reflected by nature of expenditure in the order of 4.32 percent for capital expenditure, 94.71 percent for expenditure on goods and services, 4.78 percent for personnel expenditure and 2.12 percent for subsidies and current transfers”, reads the resolution.

The document highlights that the budget for the current year's financial year recorded a variation of 27.25 percent compared to the 2022 budget, with inflation and exchange rate variation contributing to the 25 percent variation for the 2024 budget. .

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