The Government of Angola has set a reference oil price of $61 per barrel for the preparation of the 2026 State Budget (OGE), Finance Minister Vera Daves de Sousa announced. The measure aims to safeguard public finances against volatility in the international crude market, the country’s main source of revenue.
According to the minister, the decision seeks to ensure greater predictability and sustainability in the execution of the 2026 budget, in a context marked by uncertainty in the oil sector.
Compared with previous years, the executive has adopted an increasingly prudent stance in defining the benchmark price: $80.3 in 2024, $68.5 in 2025, and now $61 for 2026.
The government said the strategy creates a fiscal safety margin, allowing any additional revenue — should the average oil price exceed the projected value — to be channelled into stabilization funds or toward reducing public debt.
For 2026, national oil production is estimated at 1.05 million barrels per day, with the objective of mitigating risks and strengthening the country’s financial stability, ensuring a better balance of public accounts in the face of possible fluctuations in crude prices.
Source: Líder Magazine
