Angola's Ministry of Finance provided an update on an assessment mission examining the national economy and measures to preserve macroeconomic stability and strengthen public finance sustainability. Finance Minister Vera Daves de Sousa called for prudent budget execution through the end of the fiscal year, including spending prioritization and continuous monitoring of fiscal risks. The government identified the completion of major energy, water, public works, agriculture and tourism projects as central to expanding productive capacity, lowering business costs and reducing dependence on oil. Preliminary projections indicate robust economic growth in 2026 and 2027, supported by a growing contribution from non-oil sectors, while the public-private partnership portfolio includes projects at various stages of development. National Bank of Angola Governor Manuel Tiago Dias also reported slowing inflation, with most provinces covered by the Consumer Price Index recording single-digit rates as improved supplies of essential goods, particularly food, ease price pressures. The mission runs through Sept. 9.
2026-09-03Ministry of Finance (Angola)
Angola's Ministry of Finance sets budget discipline and fiscal risk priorities during economic assessment mission
Angola's Ministry of Finance emphasized disciplined budget execution, spending prioritization and continuous fiscal risk monitoring during an economic assessment mission. Preliminary projections point to robust growth in 2026 and 2027, led increasingly by non-oil sectors, while inflation has slowed to single digits in most provinces covered by the Consumer Price Index.