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Social sector gets increase in State Budget

     Economy              
  • Luanda • Friday, 01 November de 2024 | 01h25
Ministra das Finanças, Vera Daves
Ministra das Finanças, Vera Daves
Pedro Parente-ANGOP

Luanda – The total amount of expenses for the social sector in the 2025 State Budget (OGE) has been increased from 4.9 billion kwanzas, in 2024, to Kz 7.4 billion for the coming financial year.

Speaking at a press conference that served to present the OGE2025, the Finance minister, Vera Daves, explained that the amount represents a budgetary growth of 44% for the social sector.

She  highlighted the budgetary allocation proposal for some programmes, such as the Expansion and Improvement of the National Health System, Expansion and Improvement of the Education System, plus the programme of Construction, Rehabilitation and Conservation of Roads Infrastructures, and the Water sector.

She also revealed that the budgetary allocation for the Education sector grew 43 per cent, Housing and Community Services 59%, Environmental Protection 10%, Social Protection 58%, plus recreation, culture and religion 124% and Health 41 per cent.

The minister informed that the OGE2025 already includes the financial allocation to support the implementation of the new Politico-Administrative Division of Angola, which changes from 18 to 21 the number of provinces.

The 2025 State Budget (OGE) foresees Revenues and Expenses of over 33 billion kwanzas, an amount that is higher than the current budget of Kz 24.7 billion.

The Draft OGE2025 has already been submitted to the National Assembly (Angolan parliament).

ASS/VC/jmc





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