Luanda, June 26, 2026 (Lusa) - Angola’s state debt stood at 62.18 trillion kwanzas in the fourth quarter of 2025, a 4% increase compared with the previous quarter, according to a report approved on Friday in parliament, with UNITA voting against it.
The report on the implementation of the state budget (OGE) for the fourth quarter of 2025 was approved today by parliament with 94 votes in favour from the Popular Movement for the Liberation of Angola (MPLA, the ruling party) and 63 votes against from the National Union for the Total Independence of Angola (UNITA, the main opposition party).
The National Front for the Liberation of Angola (FNLA), the Social Renewal Party (PRS) and the Humanist Party of Angola (PHA), all in opposition, abstained, totalling five votes.
According to the report, presented to the plenary by the secretary of state for Finance and the Treasury, Ottoniel dos Santos, the stock of public debt (which includes government debt and the debts of public enterprises) stood at around 62.18 billion kwanzas (€59.9 billion).
This figure represented an increase of around 4% compared with the stock in the third quarter of 2025.
As at 31 December 2025, the stock of government debt stood at 60.23 trillion kwanzas (€58 billion) – 97% of total debt – comprising 28% domestic debt and 72% external debt, an increase of around 4% compared with the previous quarter.
The stock of debt held by public enterprises, notably the oil company Sonangol and the airline TAAG, stood at 1.96 trillion kwanzas (€1.87 billion), which, according to the report, reflects a “slight increase” of 0.03% compared with the previous quarter.
Budget implementation for this period was also highlighted by the secretary of state. However, UNITA MPs considered that the report does not reflect the country’s socio-economic reality, whilst the MPLA believes it brings together results across various areas.
The 2025 state budget, drawn up and approved on the basis of an average oil price of 70 US$ per barrel, estimated revenue and expenditure at 34.6 trillion kwanzas (€33.3 billion).
In the last three months of 2025, revenue amounting to 13.6 trillion kwanzas (€13 billion) was collected, representing 40% of the projected annual revenue, whilst expenditure amounted to 13.4 trillion kwanzas, representing 39% of the annual expenditure set out in the state budget.
Expenditure on debt interest, staff costs (payment of salaries and remuneration obligations) and expenditure on goods and services accounted for the largest share of expenditure during the period.
Ottoniel dos Santos pointed out that, given the total revenue collected in relation to total expenditure incurred, a budget surplus of around 218.4 billion kwanzas (€210 million) was recorded during this period.
Adriano Sapinãla, a UNITA MP, stated that the report “is out of step with the reality of the country”.
The report “is unrealistic”, according to UNITA MP Agostinho Kamuango. However, MPLA MP João Guerra welcomed the document and considered that it “reflects reality and dreams come true”.
MPLA MP Teresa Mulumbila said, in defence of the report, that it reflects “achievements” in social areas, notably the construction of water systems and educational infrastructure that benefit the population.
For PHA MP Florbela Malaquias, her abstention stems from the “contradiction” between the financial indicators set out in the report and the country’s social reality.
“Its surplus is obscene when compared with the country’s social needs,” she criticised.
The plenary session of parliament is also discussing the draft resolution approving, for ratification, the agreement under the United Nations Convention on the Law of the Sea concerning the conservation and sustainable use of marine biodiversity in areas beyond national jurisdiction.
Behind closed doors, MPs will today examine and vote on the report on the parliamentary budget and financial implementation for the 2025 financial year, as well as the resolution establishing the Parliamentary Studies Award.
DAS/AYLS // AYLS
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