Angola: State Budget for 2026 – Non-Oil Revenues to Surpass Oil Revenues for First Time

Luanda — The draft General State Budget (OGE) for 2026, which is currently under debate in parliament, is the first in Angola’s history to anticipate surpassing oil revenues with non-oil revenues. This signals progress towards a less oil-dependent economy.

The Minister of State for Economic Coordination, José de Lima Massano, reiterated this fact on Monday when presenting the proposed OGE for the 2026 fiscal year.

Massano reaffirmed the Angolan government’s commitment to strategic options and…