The news was announced by the Minister of State and Economic Coordination, José de Lima Massano, after the delivery of the OGE proposal for next year, to the National Assembly, complying with the legal provision that determines the deadline of October 31st for delivery of the budget for the following year.
The delivery of the document was initially scheduled for 1 pm, but it only happened after 5 pm.
Lima Massano stated that the executive's proposal is still "designed in a scenario of great uncertainty" given the "challenges" of world economies and "relevant geopolitical tensions", with an impact on the country's "development options".
Even so, he highlighted that the Government intends to maintain the objectives of the National Development Plan, focusing on reducing poverty and diversifying the economy, with an emphasis on food security.
The minister highlighted that the executive intends to continue major projects, prioritizing the continuity and completion of projects and works already started.
In the social field, he highlighted "strong concern about the remuneration of workers, especially those in the public sector", pointing out a general salary adjustment of 25 percent.
Also in the social field, he highlighted that the Government will continue the Kwenda program (monetary transfers to vulnerable families), as well as reinforcing the school lunch program with 450 billion kwanzas so that all public school students can benefit from the school lunch, "with some nuances".
According to Lima Massano, school meals will be made up of what is produced in each municipality, and "no longer a system of purchases made at a central level for each school", in order to stimulate the economy.
To also achieve this objective, the government intends to reduce VAT on equipment from the current 14 percent to 5 percent, maintaining the payment period of up to 24 months, while in the field of family farming the tax burden is around 25 percent should fall to 10 percent.
The official said that the executive wants to continue to recapitalize the Angola Development Bank (BDA) and continue to allocate resources to the Deposit Guarantee Fund and the Venture Capital Fund, maintaining support with sovereign guarantees for large private projects and of national interest, as well as the public business sector.
Lima Massano considered that, despite the "context of uncertainty" for next year, the OGE "is still positive and optimistic", contemplating an economic growth of 4 percent, which will continue to be led by the non-oil sector, growing 5 percent.
The OGE for 2025 forecasts revenues and expenses of 34.6 billion kwanzas, an increase of 40 percent compared to 2024.
