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JOHANNESBURG, March 20 (Reuters) - Angola expects oil outputto average 1.84 million barrels per day (bpd) this year, up 10percent from 1.67 million bpd in 2014, according a revised 2015budget passed by parliament on Thursday, the state news agencysaid.
Angola's parliament voted heavily in favour of passing arevised 5.4 trillion kwanza ($51 billion) 2015 budget, cuttingspending by 1.8 trillion kwanza from its original plans due to ahalving of oil prices since June last year.
The revised budget figures are based on an oil price of $40per barrel rather than the $81 previously forecast and predictsa budget deficit of 7 percent of GDP.
Oil accounts for around half of Angola's GDP, 80 percent oftax revenues and 90 percent of export earnings.
Angola's state-oil company Sonangol lay out ambitious plansto increase oil production last month after what it called a"very difficult" 2014 as cost cuts soared, prices slumped andtechnical problems hit output.
The OPEC-member has missed its oil production target of 2million bpd for several years due to project delays anddisappointing levels of investment as oil majors scaled backexploration projects due to the global economic downturn.
Chevron, Exxon Mobil, Total, BP and China's Sinopec are all major producers in Africa'ssecond largest oil exporter. (Reporting by Joe Brock; Editing by James Macharia)