2021 Fiscal Transparency Report: Angola

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2021 Fiscal Transparency Report: Angola

The following report was published by the U.S. Department of State, Bureau of Economic and Business Affairs on June 25, 2021. It is reproduced in full below.

Government-by-Government Assessments: Angola

Angola made significant progress by publishing its end-of-year budget report within a reasonable period of time and by publishing audit reports that contain substantive findings, recommendations, and narratives.  During the review period, the government made its executive budget proposal, its enacted budget, and its end-of-year report, widely and easily accessible online to the general public within a reasonable period of time.  Publicly available information on debt obligations was published within a reasonable period of time, with the exception of state-owned enterprise debt information.  The information in the budget was considered generally reliable, though there were concerns about the accuracy of information about expenditures.  The criteria and procedures by which the national government awards contracts or licenses for natural resource extraction were specified in law and appeared to be followed in practice.  Basic information on natural resource extraction awards was publicly available. Angola’s fiscal transparency would be improved by:

* publishing state-owned enterprise debt obligations within a reasonable period of time.

Source: U.S. Department of State, Bureau of Economic and Business Affairs

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