Angola: Selected Issues

Author: International Monetary Fund. African Dept.

Selected Issues

Volume/Issue: Volume 2018 Issue 157

Publication date: June 2018

ISBN: 9781484360255

$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

	paperback else	pdf else	epub else	mobi else
English
Portuguese

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , price , bank , investment , GDP , revenue , oil revenue , oil price , oil price shock , corruption perception , bank concentration , soundness indicator , Oil prices , Public investment spending , Corruption , Oil , gas and mining taxes , Sub-Saharan Africa , Africa

Also of interest

Grenada

Peru

Nepal

Malawi

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.