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Angolan govt spent AkZ 588.8 billion in fuel subsidies in 2nd quarter of 2024

     Economy              
  • Luanda • Wednesday, 29 January de 2025 | 14h51
Bombas de combustíveis
Bombas de combustíveis
Domingos Cardoso - ANGOP

Luanda - The Angolan government spent a total of 588.8 billion kwanzas in the second quarter of 2024, a decrease of 17.99% compared to the previous quarter, data from the Ministry of Finance show.

 According to the data, this represents a negative nominal variation of 129.12 billion kwanzas compared to the first quarter of the same year, while in the year-on-year terms, expenditures rose by 136.73%, a nominal increase of 340.08 billion kwanzas.

During the period under review, expenditure on subsidizing lighting oil increased by 140.10%, liquefied petroleum gas (LPG) by 157.06%, gasoline by 134.68% and diesel by 134.52% compared to the same period last year. ACC/ASS/AMP





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