Angola: Selected Issues

International Monetary Fund

No 2018/157, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 63
Date: 2018-06-08
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