Angola: Government expects to meet 10 pct target set in state budget for primary sector

16 January 2009

Luanda, Angola, 16 Jan – The Angolan government has this year boosted the amount earmarked in the state budget for the primary sector in order to meet the commitment made to the Southern African Development Community (SADC) of increasing the amount spent on this sector to at least 10 percent.

A source from the Agriculture Ministry cited by Angolan news agency Angop, said that for the 2009 financial year, the General State Budget (OGE) includes amounts for the economic are accounting for 26.4 percent of total expenditure, of which over 5 percent is for the primary sector.

In 2008, budget spending on Agriculture, Silviculture, Fishing and Hunting was 4.4 percent, accounting for an amount of 113 billion kwanzas.

Despite teh fact that the amounts are low, the source said that all of the ministry’s programmes and projects, approved by the goevrnment, had appropriate financial coverage to be carried out.

The source added that in 2008 the government approved a loan of US$270 million to support family agriculture.

The government, the source added, also spent US$200 million on recovery of the irrigated perimeter of Caxito, in Bengo province, Gandjelas (Huíla), Luena (Moxico), and Waku Kungo (Kwanza Sul), as well as investing US$370 million on the Kapanda agri-industrial hub. (macauhub)