Angola spent 1.9 trillion kwanza ($2.3 billion) on fuel subsidies in 2022.
Angola may slow the removal of fuel subsidies to avoid a repeat of protests in June over a near-doubling in petrol prices in which at least five people were killed, the southern African country’s finance minister said on Monday.
“We are learning the lessons from the first movement , where society reacted with shock,” Daves de Sousa said. The 2023 budget had been prepared with oil production of 1.1 million barrels per day in mind, but it is currently averaging between 1 and 1.1 million, she said, adding that the assumption for the 2024 budget would be less than the previous budget’s.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pistorius was eligible for parole consideration in March: ConCourt - SABC News - Breaking news, specialThe sentence imposed by the SCA took into consideration that Pistorius had already served a period.
Read more »
RAF making it easier for claimants - SABC News - Breaking news, special reports, world, business, sportRAF has upgraded its contact centre with a new Customer Relationship Management solution.
Read more »
Judge rules that inquest into death of Imam Haron be overturned - SABC News - Breaking news, specialJudge Thulare ruled all special branch police involved in the case were guilty of the Imam's murder.
Read more »
UNISA issues could affect students amid final exams: SASCO - SABC News - Breaking news, special reports,SASCO says the latest developments at UNISA have the potential to cause anxiety among some students.
Read more »
Israel shuts down offshore gas field after violence - SABC News - Breaking news, special reports, world,Some of Tamar's gas is also exported to neighbouring Jordan and Egypt.
Read more »
Defense in Meyiwa trial objects to cellphone expert evidence - SABC News - Breaking news, special reports,The defense in the Senzo Meyiwa murder trial has vehemently come out guns blazing against the leading of evidence by cellphone expert, Sergeant Vusumuzi
Read more »