Angola Government Budget

Angola recorded a Government Budget surplus equal to 7.80 percent of the countrys Gross Domestic Product in 2012. Government Budget in Angola is reported by the African Development Bank. From 2003 until 2012, Angola Government Budget averaged 5.4 Percent of GDP reaching an all time high of 11.4 Percent of GDP in December of 2007 and a record low of -7.0 Percent of GDP in December of 2003. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Angola Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7.80 10.20 11.40 -7.00 7.25 | 2014/06 2003 - 2012 Percent of GDP Yearly

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Angola Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 29.29 2012-12-31 31.50 104.50 20.60 23.22 2014-06-30 Percent [+]
Government Budget 7.80 2012-12-31 10.20 11.40 -7.00 7.25 2014-06-30 Percent of GDP [+]
Credit Rating 40.00 [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Angola Leaves Key Rate on Hold; Changes Lending and Absorption Facility Rates  
At its March 31st, 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, but raised the liquidity absorption rate by 25 bps to 1.5 percent and cut the standing lending facility rate by 25 bps to 10 percent.
Angola Inflation Rate Decelerates  
In February of 2014, Angolan annual inflation rate slowed to 7.48 percent, after accelerating in January for the first time in eight months.
Angola Holds Key Rate Steady  
At its February 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, while raising the liquidity absorption rate by 50 bps to 1.25 percent. The standing lending facility rate was kept unchanged at 10.25 percent.
Angola Inflation Rate Accelerates in January  
In the first month of 2014, Angola’s annual inflation accelerated for the first time in eight months to 7.84 percent.
National Bank of Angola Leaves Rate Unchanged at 9.25%  
In its January 2014 meeting, the National Bank of Angola decided to leave the benchmark interest rate unchanged at 9.25 percent. It also decided to reduce the required reserve ratio in local currency from 15 percent to 12.5 percent, aiming to increase credit to the economy and reduce the cost of financial intermediation.
Angola Inflation Rate at 7.69% in December  
In December of 2013, Angola inflation rate kept its downward trend and slowed even further to 7.69 percent. On a monthly basis, prices accelerated for the third straight month mainly due to higher food and housing cost.
National Bank of Angola Leaves Monetary Policy Unchanged  
The National Bank of Angola decided on December 23rd to leave the benchmark interest rate unchanged at 9.25 percent, following last month’s cut. The Board kept its recommendation to take the LUIBOR as the benchmark interest rate on bank loans.
Angola Inflation Rate Slows Even Further in November  
In November of 2013, Angola annual inflation rate eased to 7.94 percent, from 8.38 percent in October. A year ago, the inflation rate slightly accelerated to 9.83 percent.
National Bank of Angola Cuts Rate by 50 bps  
The National Bank of Angola decided on November 25th to cut the benchmark interest rate for the second time this year by 50 bps to 9.25 percent, citing falling inflation. The Board kept its recommendation to take the LUIBOR as the benchmark interest rate on bank loans.
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