Angolan President João Lourenço (above) is making swift moves to wrest power from his predecessor. Picture: Bruno Fonseca/AP
INTERNATIONAL - Angola's government expects the country’s economy to grow 4.9percent next year, according to a draft of the state budget presented to parliament on Friday. The budget, which still needs to be approved by lawmakers, forecasts a fiscal deficit of 2.9percent of GDP in 2018 with government revenue and expenditure of 9.6trillion kwanzas (R773billion), according to a report by the state news agency Angop on Friday. 

“This is a budget built on very realistic foundations, we want the numbers present­ed to be perfectly realisable,” said Minister for Economic Development Manuel Nunes Júnior in comments posted on the Ministry of Finance’s website. 

The 4.9percent growth forecast is well above the 1.6percent growth expected next year.