Africa Oil & Gas: Oil price rise allows Angola to raise spending in election year – Consultant

ANGOLA oil sector profits

The recovery of oil prices and the impact on Angola’s budget will “remarkably improve” the country’s finances, reducing the deficit to 3.2% and creating space for an expansionary economic policy in the election year.

“Angola’s fiscal position will improve noticeably by 2018 due to increased revenue from improvements in the oil sector,” analysts at consultancy BMI Research write in an analysis note on Angola’s public finances.(source: Lusa)

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