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Title Angola : selected issues
Published Washington, D.C. : International Monetary Fund, [2015]
©2015
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Description 1 online resource (60 pages) : color illustrations
Series IMF country report ; no. 15/302
IMF country report ; no. 15/302
Summary This Selected Issues paper assesses macroeconomic fiscal risks and the benefits of improved fiscal risk management in Angola. Angola faces fiscal risks coming from multiple sources, such as volatility in oil prices and production, macroeconomic shocks, weak macroeconomic forecasting; weaknesses in public fiscal management, energy subsidies, potential delays of oil revenue transfers from the state-owned oil company Sonangol to the Treasury, and contingent liabilities from state-owned banks and enterprises. Addressing these risks requires action in various fronts, including more transparent fiscal reporting, improved forecasting of fiscal aggregates and other macroeconomic variables, developing a fiscal stabilization fund with more flexible deposit and withdrawal rules, strengthened public expenditure controls, and more timely oil revenue transfers from Sonangol to the Treasury
Notes "November 2015."
"October 14, 2015"--Page 2 of pdf
"Prepared By Randa Sab, Misa Takebe, Ricardo Varsano, Jimmy Apaa-Okello, Osvaldo João, and Fabio Sebastião"--Page 2 of pdf
Bibliography Includes bibliographical references
Notes Online resource; title from pdf title page (IMF Web site, viewed November 3, 2015)
Subject International Monetary Fund -- Angola.
Banks and banking -- Angola.
Fiscal policy -- Angola.
Tax expenditures -- Angola.
Transmission mechanism (Monetary policy) -- Angola.
Form Electronic book
Author João, Osvaldo (IMF staff)
Sab, Randa (IMF staff)
Takebe, Misa (IMF staff)
Varsano, Ricardo (IMF staff)
International Monetary Fund.
ISBN 1513561375
9781513561370