Angola: Selected Issues

June 8, 2018

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Angola: Selected Issues, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Also available in: português

Summary

This Selected Issues paper examines tradeoffs and opportunities for oil revenues in Angola. Angola is facing a stark trade-off between declining oil fiscal revenues over the medium term and increasing social and public investment needs. Opportunities do exist to make the most of Angola’s remaining oil reserves, whilst reducing its debt burden and building fiscal buffers. However, a sound fiscal framework for the use of oil revenues that includes a well-designed fiscal stabilization fund may be needed. Under a more active fiscal rule, public investment can be scaled up gradually, while building fiscal buffers and insulating the non-oil economy from volatile oil price movements.

Subject: Banking, Corruption, Crime, Expenditure, Fiscal policy, Oil prices, Oil, gas and mining taxes, Prices, Public investment spending, Taxes

Keywords: Africa, Bank, Bank concentration, Corruption, Corruption perception, CR, Gas and mining taxes, GDP, Investment, ISCR, Oil, Oil price, Oil price shock, Oil prices, Oil revenue, Price, Public investment spending, Revenue, Soundness indicator, Sub-Saharan Africa

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/157
Stock No:

1AGOEA2018002
ISBN:

9781484360255
ISSN:

1934-7685

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