Angola’s economic development and public finances are shaped by the exploitation of oil. Oil-based development has lifted Angola to middle-income levels, though, as in many oil-exporting countries, poverty and inequality have remained high, and similar to low-income country. Oil revenues account for most of Angola’s fiscal revenues, though their level fluctuates greatly, mostly due to oil price volatility. Lack of predictability and a high likelihood...
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2023/02/28
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AUS0003257
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2023/03/08
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Disclosed
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Angola - Public Finance Review : Executive Summary