✓ In June 2019, the National Assembly approved the revised state budget law for 2019. Total budgeted expenditure for this year is AOA10,407 billion, +7.4% compared to 2018. While budgeted expenditure on health and education increased, nearly half (51.2%) of total budget remained allocated to public debt operations, AOA5332 billion - up from AOA5073 billion of previous budget. On December 2018, total stock of public debt attained nearly AOA23 trillion, 85% of GDP. Oil revenues are expected to account for 11.5% of GDP and 59.6% of fiscal revenues in 2019.
✓ Budgeted expenditure for subsidies was reduced from 2.3% of total budget for 2018, to 1.6% of total budget for 2019, with 1.3% of total budget allocated to subsidies to prices (AOA134.6 billion).
✓ This technical note aims at presenting the key elements of the state budget 2019 with focus on critical sectors to end poverty and promote human development. The note reveals the relation between the state budget 2019 and the National Development Plan 2018-2022 (NDP): 81 out of total 83 programmes of the NDP were budgeted. The link between budgeting and planning is key to move forward the NDP, the long-term development strategy Angola Vision 2025-2050 and the achievement of the SDGs. Moreover, it shows the link with the indicators of SDG 1 and the Multidimensional Poverty Index (MPI).
✓ It is noteworthy that education received 6.04% of total budgeted expenditure for 2019, above the 5.78% share received in 2018. The Dakar Framework for Action (2000) commits countries to allocate at least 20% of their annual budgets to education. The Education 2030 Framework for Action recommends spend between 15% and 20% of total government expenditure on education. The state budget 2019 allocates to health 5.7% of total budgeted expenditure, up from 4% share received in 2018. The Abuja Declaration (2001) commits countries to allocate at least 15% of their annual budgets to health. Finally, social protection received 4.96% of total budgeted expenditure, below the 6.4% share of previous year.
✓ Agriculture, forestry, fishing and hunting will be allocated 0.93% of total budgeted expenditure for 2019, a notable expansion compared to 0.40% received in the state budget 2018. The Maputo Declaration (2003) commits countries to allocate at least 10% of their annual budgets to agriculture. On the other side, environmental protection continues to receive limited funding, 0.06% of total budgeted expenditure in 2019 (0.08% in 2018).
Please access some slides that refer to key elements of the 2019 Angolan revised state budget