Angola recorded a Government Budget deficit equal to 0.10 percent of the country's Gross Domestic Product in 2023. Government Budget in Angola averaged 2.07 percent of GDP from 2003 until 2023, reaching an all time high of 11.40 percent of GDP in 2007 and a record low of -7.00 percent of GDP in 2003. source: African Development Bank

Government Budget in Angola is expected to reach -1.50 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola Government Budget is projected to trend around -1.70 percent of GDP in 2025 and -1.30 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Credit Rating 25.00 Jan 2025
Fiscal Expenditure 12902.20 11899.10 AOA Billion Dec 2023
Government Budget -0.10 2.70 percent of GDP Dec 2023
Government Budget Value 559.80 1472.20 AOA Billion Dec 2023
Government Debt to GDP 60.50 50.70 percent of GDP Dec 2023
Government Revenues 13462.00 13371.30 AOA Billion Dec 2023
Government Spending 9769.40 9662.80 AOA Billion Dec 2023
Holidays
Military Expenditure 1270.20 1622.80 USD Million Dec 2023

Angola Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-0.10 2.70 11.40 -7.00 2003 - 2023 percent of GDP Yearly