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Oil boost for budget

    JOHANNESBURG

    The 1999 national budget of the Angolan government increased 31.1 percent to the equivalent of US $1.6 billion because of an increase in oil prices, according to official Angolan media reports on Friday.

    The revised budget was based on oil prices of US $13 per barrel. When the budget was first approved in June, the price was US $9 per barrel. Oil is the Angolan government's main source of revenue.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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