Angola Fuel Subsidy Spending Projected at $4.16 Billion in 2026
Angola could spend up to 3.8 trillion kwanzas ($4.16 billion) on fuel subsidies this year, nearly double its initial projection of less than 2 trillion kwanzas, a senior finance official told Reuters.
Angola may spend as much as 3.8 trillion kwanzas ($4.16 billion) on fuel subsidies this year, nearly twice its initial estimate of less than 2 trillion kwanzas, a senior finance official told Reuters on Friday. The higher projected cost highlights the fiscal pressure on the oil-producing country, as…