Angola: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 125

Publication date: April 2005

ISBN: 9781451800531

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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.

Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Taxation - General , ISCR , CR , Angola , inflation , debt , joint-venture company Ascorp , money growth , profit oil , oil receipts , parastatal diamond company , cost oil , Oil prices , Oil , gas and mining taxes , Production sharing , Africa

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Summary

This Selected Issues paper on Angola reports that oil production in Angola accounts for about half of GDP and about 75 percent of government revenue. The projections for the government’s fiscal position in the medium term will be crucially dependent on both the value of oil production and the proportion that will accrue to the government. However, in addition to the usual uncertainties associated with projections of the total value of oil output, the government’s share has been subject to volatility.