With the government’s 2025 budget based on an oil price of $70 per barrel, the recent downturn in global oil prices has raised concerns about the country's fiscal stability.

On April 2, Brent crude oil futures briefly dipped below $60 per barrel, the lowest level seen in four years. Though prices later rebounded to $66.91 by Friday, the sudden drop was triggered by United States President Donald Trump's announcement of significant tariffs, causing global market uncertainty.

Vera Daves de Sousa, Angola's Finance Minister, acknowledged the potential for an IMF loan in light of the price decline. She explained, "The drop in oil prices is increasing the likelihood that Angola may need an IMF loan." The Minister added that the government is actively working on several measures to cushion the impact, including improving tax collection systems, enhancing property tax enforcement, and boosting efficiency in tax administration.

--ChannelAfrica--