Angola's draft budget forecasts 2025 deficit of 1.65%/GDP
LUANDA - Angola's government anticipates a budget deficit of 1.65% of gross domestic product in 2025, slightly higher than this year's projected 1.46% deficit, draft budget documents showed.exporter is based on a $70 a barrel oil price, according to the documents posted on the finance ministry's website.
The finance ministry estimates that annual inflation will end next year at 16.6%, from over 29% currently. Its most recent IMF programme was for $3.7 billion, approved in 2018 after global crude prices tanked, decimating the country's revenues.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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