In the field of public finance, Finance Minister Vera Daves de Sousa today presented the proposed State Budget (OGE) during a press conference following the submission of the document to the National Assembly. She emphasized the government’s commitment to strengthening public accounts.
“We will continue to do our best to make them increasingly robust and sustainable. We are improving our electronic public procurement system and developing internal work within the Tax Directorate to make it more digital and closer to citizens,” she stated, adding that “other legislative measures” are also planned to reinforce the state’s financial robustness.
The 2026 budget projects total revenues of 33.24 trillion kwanzas (approximately 31.17 billion euros), a 4% decrease compared to the 2025 budget.
“In terms of revenues, we have an ambitious scenario: non-oil revenue exceeds oil revenue. It’s an interesting scenario — excluding fees, taxes, dividends, it’s almost equal. We have non-oil taxes of 7.30 trillion kwanzas (6.84 billion euros) and oil revenues of 7.50 trillion (7.03 billion euros), almost the same,” she declared.
Oil revenues, estimated at 7.50 trillion kwanzas (7.03 billion euros), are expected to represent 5.49% of GDP, including 5.15 trillion (4.83 billion euros) from the National Agency for Petroleum, Gas, and Biofuels (ANPG) and 1.82 trillion (1.71 billion euros) from petroleum income tax.
Non-oil revenues are projected at 10.70 trillion kwanzas (10.03 billion euros), equivalent to 7.84% of GDP, of which 7.43 trillion (6.97 billion euros) corresponds to non-oil taxes.
“There will be a lot of work needed. It’s not work thought of in a vacuum — there’s a rationale behind this number. We will continue to follow efficiency measures and engage with taxpayers, believing that the initiative of interest forgiveness will also help bring more taxpayers closer to the general tax administration, ultimately aiding collection,” stated the minister.
Regarding expenses, Vera Daves highlighted that “fortunately, debt service in 2026 will be 10% less than in 2025.”
“Obviously, we would like it to be even lower, but it’s good that it’s smaller. The weight is still significant — 46% of the OGE, when it used to be close to 60%. We have been reducing it, not as quickly as we would like, but consistently,” she referred.
The minister also highlighted the fiscal discipline efforts “to avoid debt service concentration in the short term” and ensure balanced public debt management.
Expenses on goods and services are set at 4.01 trillion kwanzas (around 3.76 billion euros), 6% lower than in 2025. “This reduction could have been greater, but we sought to ensure it did not completely impede the social and economic impact programs we are carrying out,” she noted.
Spending on personnel increases by 18%, reflecting a 10% adjustment in public sector salaries, and career progressions and promotions, indicated Vera Daves de Sousa, adding that the government also plans to hire six thousand professionals for the health sector and another six thousand for education.
