Angola’s revenues from oil and non-oil sectors equal in May

4 September 2014

Angola’s current revenues from the oil and non-oil sectors were nearly the same in May, with a difference of just 3.8 billion kwanza, according to figures released by the Ministry of Finance.

According to the preliminary report on revenues in the first half of the year, Angola’s non-oil sector yielded 125.3 billion kwanza and oil revenues brought in an income of 129.1 billion kwanza.

Oil revenues started falling in February (226 billion kwanza) until its lowest point for the half year in May. In June revenues rose once again to 324.9 billion kwanza.

The report indicates that revenues from the oil sector stood at 1,339 billion kwanza(US$13.7 billion) in the first half, while the non-oil sector reached 703.4 billion kwanza (US$7.2 billion) in the same six-month period. (macauhub/AO)