El Gobierno quiere invertir más en 2016

El Gobierno quiere aumentar la inversión pública en un 31% el próximo año, frente al presupuesto previsto para 2015.

El objetivo consta en la propuesta del Presupuesto General del Estado (OGE) para 2016, aprobado en el parlamento, estimando un crecimiento del 3,3% del Producto Interno Bruto (PIB) y un déficit en las cuentas públicas del 5,5%.

El documento estima 5.650.000.000 de euros para la adquisición de activos fijos, el equivalente a la inversión del Estado, valor que se compara con los 4.300.000.000 de euros inscritos en el OGE para este año, revisado en marzo debido a la crisis provocada por la caída de los ingresos provenientes del petróleo.

Se trata de un aumento, estimado, del 31%, comparado con las cuentas revisadas. En las cuentas del Ejecutivo, el único presupuesto con cuentas finales se remonta a 2013, año en el que la inversión fue de 7 millones de euros, por lo que, la caída es superior al 40%, en tres años, entre lo ejecutado y lo que el gobierno pretende hacer.

Valorado en 45 millones de euros, el OGE de 2016 reduce a la mitad la previsión de crecimiento estimado en marzo para 2015, cuando se revisaron las cuentas públicas. Además, según el documento, y excluyendo los préstamos y servicio de la deuda, el Estado pretende gastar el próximo año 430 millones de euros, cobrar tan solo 24 millones de euros.

Proposed State Budget Law for 2016 approved by the Angolan parliament

Proposed State Budget Law for 2016 approved by the Angolan parliament

2015 / 11 / 18

The bill of the General State Budget (OGE) for 2016 in Angola was approved Tuesday by the majority in the National Assembly (the country’s parliament) although the Minister of Finance said risks associated to public revenues remained in place.

Minister Armando Manuel said that these risks remain a reality, similar to what happened in 2015, when it was necessary to rectify the state budget approved at the end of 2014, due to the sharp fall in the price of oil, the country’s principal export.

Therefore, the State Budget for 2016 includes a number of restrictions such as the limitation on new hires and promotions within the civil service, “with some exceptions for the health sector, education and for new services that require new staff to enable them to operate.”

The OGE was drafted on the basis of a price per barrel of oil of US$45 and oil production of 1.888 million barrels per day.

The macroeconomic scenario underlying the budget forecasts a real gross domestic product (GDP) growth of 3.3 percent, a budget deficit of 5.5 percent and expenses of 6.4 trillion kwanzas (US$47 billion).

The finance minister quoted by Angolan news agency Angop, said in parliament that the non-oil sector was expected to post growth close to 2 percent, and the main contributions would come from energy (12 percent), construction (3.5 percent), industry manufacturing (2.5 percent) and agriculture (2.5 percent).

The social sector will absorb 43.2 percent of spending, general public services 22.9 percent, defence, security and public order 20.2 percent, while the economic sector should absorb a share of 13.7 percent of the state budget.

The budget’s description, examined and approved during the first ordinary plenary session of the 4th Legislative Session of the 3rd Legislature, will go to specialised committees for review and should be approved definitively by 15 December. (macauhub/AO)

Presupuesto General del Estado 2016 aprobado en general

La Propuesta del Presupuesto General del Estado para el ejercicio económico de 2016, sometida por el Titular del Poder Executivo, se aprobó el martes, en la Asamblea Nacional.

Presentado por el ministro de Finanzas, Armando Manuel, el documento tuvo voto a favor de los grupos parlamentarios del MPLA y de la FNLA (147).

UNITA, CASA-CE y PRS (33 votos) "rechazaron" la propuesta, que comporta ingresos y gastos estimados en Akz 6.429.287.406.777.00.

El texto, evaluado y valorado durante la primera Reunión Plenaria Ordinaria de la 4ª Sesión Legislativa de la III Legislatura, pasará ahora por las comisiones de especialidad, debiendo ser esta aprobada, definitivamente hasta el 15 de diciembre.

Se necesitaron más de cuatro horas de intenso debate para el obtener el resultado de la primera etapa de aprobación del OGE, que busca alcanzar los grandes objetivos nacionales fijados en el Plan Nacional de Desarrollo 2013-2017.

La Propuesta del Presupuesto General del Estado y la propuesta de Ley que le acompaña pretenden mantener la protección de la unidad y cohesión nacional, garantizar los presupuestos básicos y necesarios al desarrollo.

También buscan mejorar la calidad de vida, la inserción de la juventud en la vida activa, el desarrollo del sector privado y la inserción competitiva de Angola en el contexto internacional.

Se elaboró basándose en una tasa de crecimiento del PIB Global del 3,3% y un precio medio del barril de petróleo bruto de USD 45.

Se estipuló con base en una perspectiva de producción anual de 689,4 millones de barriles de petróleo, una tasa de inflación del 11%, además de un déficit del 5,5% del PIB.

El incremento del “stock” total de la deuda debe ser del 8,2% del PIB, mientras que el “stock” total de deuda gubernamental revisado será del 49,7% del PIB.

Del total de los ingresos previstos, estos se estiman en 6.429.287.406.777.00 AKZ, 3.513.825.717.771.00 correspondiendo a los ingresos corrientes y 2.295.881.828.882.00 a los ingresos tributarios, frente a los 1.973.715.617.704.00 de impuestos.

Sobre los gastos, se prevén 3.390.092.219.285.00, destinado al personal 1.420.451.843.079.00, y 781.354.489.008.00 de vencimientos y remuneración permanente del personal civil.

Governo de Angola extingue nove empresas públicas

2015/11/16    NOTÍCIAS

Nove empresas públicas de Angola dos sectores agrícola, mineiro, pesqueiro e industrial foram extintas este mês ao abrigo de um conjunto de decretos presidenciais publicados no jornal oficial, escreveu o estatal Jornal de Angola.

As empresas extintas foram a Empresa Regional de Abastecimento ao Sector Cafeícola (Procafé), Ermanal (Luanda), Empromar Kuroka, Empromar Kapiandalo, Fropesca, Farinol, Empresa Transformadora de Madeira (ETM), Alfaias Agrícolas (Alfag) e Empresa Mineira de Fosfatos do Zaire e da Mina Quartzo (Fosfang), todas anteriormente classificadas como “unidade económica estatal.”

O ministro da Economia, Abraão Gourgel, disse em Junho passado que existiam em Angola numerosas empresas do sector público a actuar em regime de monopólio, com reduzida eficiência e competitividade, que não satisfazem as necessidades dos consumidores.

“Num modelo de economia de mercado, são os empresários mais capazes e audazes a força activa da reconstrução económica do país e da modernização do tecido produtivo nacional sob liderança do Estado”, afirmou o ministro da Economia.

Um estudo realizado em 2006, a pedido do governo, propôs que a reestruturação do sector público empresarial angolano, que abrange actualmente 216 empresas, deve passar pela manutenção de apenas 41, enquanto outras 77 devem ser privatizadas e 53 liquidadas.

O estudo, elaborado pela CESO Development Consultants, empresa portuguesa de consultoria, foi encomendado pelo Ministério das Finanças e apresentado em Luanda, em simultâneo com as propostas dos anteprojectos da Lei-Quadro do Sector Público Empresarial, do Estatuto da Entidade Supervisora, do Estatuto do Gestor Público e do seu sistema remuneratório. (Macauhub/AO)

El Parlamento aprueba el Presupuesto General del Estado para 2016

El parlamento aprobó el jueves, día 13, el Presupuesto General del Estado (OGE) para 2016, que prevé un déficit del 7,6% del Producto Interior Bruto (PIB), con la oposición dividida en la votación.

El documento, que apunta para un crecimiento de la economía del 9,7%, se aprobó con 152 votos a favor, por el partido mayoritario y en el poder, el Movimiento Popular de Liberación de Angola (MPLA), Frente Nacional de Liberación de Angola (FNLA) y el Partido de Renovación Social (PRS).

Se registraron cinco votos en contra, de la Convergencia Amplia de Salvación de Angola - Coalición Electoral (CASA-CE), y 26 abstenciones, de la Unión Nacional para la Independencia Total de Angola (UNITA), el mayor partido de la oposición.

En un mensaje enviado a la Asamblea Nacional, el Presidente José Eduardo dos Santos dijo que el OGE para 2015 tiene en cuenta la caída del precio del barril del petróleo, asumiendo “un contexto difícil”.

"Las perspectivas de crecimiento real de la economía angoleña en 2015 indican que el rendimiento de la producción nacional deberá reflejar los efectos de una caída importante de la producción del petróleo y de un moderado crecimiento de la producción del sector no petrolífero”, dijo el ministro de Estado de la Casa Civil de la Presidencia de la República, Edeltrudes Costa, en representación del jefe de Estado.

El documento se discutirá detalladamente a partir de hoy, hasta la votación final, lo que deberá ocurrir durante la primera quincena de diciembre.

Angola’s commercial banking sector sees wave of mergers

NOVEMBER 16TH, 2015    FEATURES

The merger between Banco Privado Atlântico (BPA) and Millennium Angola is expected to start a wave of mergers in the commercial banking sector in Angola, with the aim of overcoming adversity such as lower profitability of the business, according to international analysts.

The BPA/Millennium Angola merger, which will create the fifth largest Angolan bank by assets, was announced in October in order to ensure growth in an adverse climate and respond to changes in European supervision, which penalised Portuguese banks exposed to Angola, and this is expected to be the first of many mergers.

The Economist Intelligence Unit points out in its latest report on Angola that this was the first time that two Angolan banks merged and recalled that Banco Privado Atlântico had been negotiating a similar transaction with the subsidiary of Russian bank VTB.

“With profitability retreating and other challenges that Angolan banks face, the sector’s consolidation is likely through mergers,” said the EIU.

The 2015 Banking under Analysis report published in October by Deloitte, revealed an increase in assets of Angolan banks, but a decline in profits of 50 percent, penalised by the adverse economic climate facing the country since oil prices began to decline.

Despite the adversities in banking, including an increase in bad debt, Angolan banks continued to expand internally and regionally, two new banks have started operating in the country and there were significant increases in the use of electronic payments and the issuance of debit and credit cards.

The BIC bank, controlled by Angolan billionaire Isabel dos Santos, recently started operating in Namibia and also opened an office in South Africa.

Analysts have long warned of the imminent consolidation of operations in Angola’s banking sector, and the next is expected to star the BFA, controlled by Portugal’s BPI, in which Isabel dos Santos has almost 20 percent.

The businesswoman’s initial plans, according to the Africa Monitor Intelligence newsletter, included taking control of BFA, in which she has owned 49 percent since late 2008, and merge it with BIC, creating the stand out largest commercial bank in Angola and with a regional dimension.

The implementation of European rules to the exposure it has to Banco de Fomento Angola led BPI to announce in December a decrease in its capital ratio, which has an impact on all its financial activity.

The penalty stems from the European Commission’s decision to exclude Angola from the list of countries with regulation and supervision equivalent to the European Union.

AA recent report by the Eaglestone consultancy said having 29 banks in the Angolan market was “unsustainable” and predicted “several short to medium term consolidation movements.”

The drivers of consolidation, it said, would be foreign players, as well as the need for banks to increase in size or to meet new and more stringent capital requirements and change the current shareholding structure of Angolan banks.

In banks such as BIC, Banco de Negócios Internacional, Banco Comercial do Huambo and Banco Valor, managers are still major shareholders, and their is room to find an international partner or even to sell a stake directly. (macauhub/AO)

Angola Pardons Mozambican Debt

Southern Africa: Angola Pardons Mozambican Debt

El Ministro de Negocios Extranjeros y Cooperación de Mozambique, Oldemiro Balòi, con el Ministro de Planificación y Desarrollo Territorial de Angola Jon Graça

President Filipe Nyusi told reporters on 11 November in Luanda that his Angolan counterpart, Jose Eduardo dos Santos, has assured him that half of Mozambique's debt will be written off with the Ht/pf (426)other half transformed into investment. Currently the debt stands at US$61.5 million.

Speaking at the end of his state visit to Angola, President Nyusi added that the question of suppressing entry visas between Mozambique and Angola will be solved next year.

Mozambique has signed agreements to suppress entry visas for short visits with most members of SADC (Southern African Development Community). But Angola has not yet negotiated such an agreement, despite the close historical ties between the two countries.

President Nyusi said he had discussed the question with President dos Santos, in the light of concerns expressed by the Confederation of Mozambican Business Associations (CTA). The CTA had pointed out that the current visa requirements are an obstacle to investment.

President Nyusi said his visit marked the rebirth of economic cooperation with Angola, and the agreements signed in the past will now be reviewed. "In the official talks it was also agreed that there has to be regular joint monitoring of the agreements", he said.

In his meeting with Mozambicans resident in Angola, they expressed their discontent at the difficulties in renewing Mozambican identity documents. President Nyusi hoped that this problem is about to be solved since a team from Maputo is travelling to Luanda next week to issue the Mozambican residents with biometric identity cards and passports.

Agreements were also signed between the Mozambican government's Investment Promotion Centre (CPI) and the Angolan Chamber of Commerce and Industry, and between the CTA and the Corporate Governance Centre of Angola.

With the business people, said President Nyusi, it had been agreed that they should focus on agriculture as their main activity, because it is agriculture that can feed the country and reduce economic dependence.