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Lusa - Business News - National demonstration of taxi drivers
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Lusa - Business News - National demonstration of taxi drivers
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Lusa - Business News - National demonstration of taxi drivers
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Lusa - Business News - National demonstration of taxi drivers
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Lusa - Business News - Angola: Analysts more confident than government over improved deficit




London, Mar. 21 (Lusa) - Consultants BMI Research said on Wednesday that Angola’s budget deficit should improve to 2.9% this year and 2% in 2019 because of a recovery in oil prices that is higher than anticipated in the budget.
In a report sent to investors today, the analysts at the consultant, which is part of the Fitch rating group, wrote that "despite the increased revenues encouraging the government to moderately increase spending and this slowing down the pace of consolidation, it is expected that the budget deficit improves from an estimated 4.3% in 2017, to 2.9% in 2018 and 2% in 2019".
Angola’s government is expecting a deficit of 3.4% this year, but the analysts are also more optimistic than the government about average oil prices this year as they expect a barrel to be worth %67 dollars, while the government only estimates the price at $50.
The analysts did, however, note that “the improvements in the budget dynamics will not last long “as the fall in oil output in Angola starting next year “will lead to a gradual increase in the deficit".
MBA/ADB // ADB.
Lusa


Agency : LUSA

Date : 2018-03-22 08:06:35







 

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