Angola: Selected Issues
Selected Issues
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Volume/Issue:
Volume 2018
Issue 157
Publication date: June 2018
ISBN: 9781484360255
$18.00
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| English | ||||
| Portuguese |
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Topics covered in this book
This title contains information about the following subjects.
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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
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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.
