09 February 2015 - Angola’s cabinet has cut proposed 2015 budget spending by 1.8 trillion kwanza ($17 billion) to 5.4 trillion kwanza after slashing expected oil revenues, according to reports. The revised budget figures, based on an oil price of $40 per barrel rather than the $81 previously forecast, will need to be approved by […] More »
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Monday, 9 February 2015
Angola cuts budget amid lower oil prices
09 February 2015 - Angola’s cabinet has cut proposed 2015 budget spending by 1.8 trillion kwanza ($17 billion) to 5.4 trillion kwanza after slashing expected oil revenues, according to reports. The revised budget figures, based on an oil price of $40 per barrel rather than the $81 previously forecast, will need to be approved by […] More »
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