Angolan budget earmarks funds for structural public works

20 September 2016

More than US$6 billion have been earmarked to continue with structural public works in Angola, following the approval Monday, of the revised law on the State Budget (OGE) for 2016, Angolan news agency Angop reported.

The OGE, which had to be revised due to a drop in oil prices, sets aside funds so that projects such as the Lauca hydroelectric facility, in Malanje, the Soyo Combined Cycle Power Station in Zaire, and the new Luanda airport and road repairs can continue.

At the end of the parliamentary session in which the state budget was approved, the Minister of Energy and Water, João Baptista Borges, said the infrastructure projects aimed at increasing energy production and water supply are protected in the new document.

The minister also said that to consolidate the initiatives of the water and electricity sector, the 2017 State Budget, which will enter parliament in October, will include a number of important projects, whose consignment acts took place in the last two weeks.

The proposed state budget review was admitted to parliament on 8 August, it was approved in general on the 15th and its various areas began to be discussed on 25 August. (macauhub/AO)