Angola : Selected Issues

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

November 3, 2015

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper assesses macroeconomic fiscal risks and the benefits of improved fiscal risk management in Angola. Angola faces fiscal risks coming from multiple sources, such as volatility in oil prices and production, macroeconomic shocks, weak macroeconomic forecasting; weaknesses in public fiscal management, energy subsidies, potential delays of oil revenue transfers from the state-owned oil company Sonangol to the Treasury, and contingent liabilities from state-owned banks and enterprises. Addressing these risks requires action in various fronts, including more transparent fiscal reporting, improved forecasting of fiscal aggregates and other macroeconomic variables, developing a fiscal stabilization fund with more flexible deposit and withdrawal rules, strengthened public expenditure controls, and more timely oil revenue transfers from Sonangol to the Treasury.

Series:

Country Report No. 15/302

Subject:

Notes:

Also available in Portuguese

English

Publication Date:

November 3, 2015

ISBN/ISSN:

9781513547855/1934-7685

Stock No:

1AGOEA2015003

Format:

Paper

Pages:

60

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