The Resident Representative of the International Monetary Fund (IMF) said on Wednesday that 73% of the public revenue collected by the government goes towards paying salaries and 20% goes towards servicing the public debt. "73% is used for recurrent expenditure. These are not investment expenses, they are not spent on infrastructure, they are not used to...
The economist and former president of the Mozambican Tax Authority (AT) and the National Statistics Institute (INE), Rosário Fernandes, believes that the quality of the inaugurated infrastructures that characterize the current mandate is insignificant in relation to the level of expenditure made on the logistics of the entities involved in these events. The former leader made these statements...
The public company Electricidade de Moçambique (EDM) is complaining about the high costs of public lighting throughout the country, which amount to 20 million dollars a year, a supply that has no purchase subsidy. Lighting covers cities, large urban centers, towns and neighbourhoods in all municipal territories and beyond, with...
The Mozambican state will increase spending on defense and security by 42% in 2024, compared to this year's budget, exceeding 67.9 billion meticais, according to figures published this Monday by the newspaper Económico. Citing the documents supporting the proposal for the Economic and Social Plan and State Budget (PESOE) for 2024,...
Between 2018 and 2022, the government has already spent 106.8 billion Meticais on national security, following the start of the terrorist attacks in Cabo Delgado, according to a study published today by the Center for Public Integrity (CIP). "After 2018, the annual growth rate of national security increased dramatically. In other words, since 2018, the annual increase...
The balance sheet for the first nine months of the 2023 Economic and Social Plan and State Budget points to internal macroeconomic stability, with inflation standing at 8.7%, below the 11.5% forecast for the period in question. "Net international reserves are also sufficient to cover imports in 3.8 months," says the...
Spending on civil service salaries is expected to grow by 9.1% in 2023, to 181.8 billion meticais, according to official figures, in a year marked by the application of the Single Wage Rate (TSU). According to data from the government and the International Monetary Fund (IMF) contained in a report this month by the Fund, compiled today by Lusa and revised...
South African jurist André Thomashausen, who announced yesterday that Mozambique's "appeals are over" against the extradition of its former Finance Minister Manuel Chang to the United States of America (USA), said that the Mozambican government has already spent more than three million dollars since it started the process. In the view of André Thomashausen, of the...
Global military spending continued to rise last year, remaining well above the 2 trillion dollar mark, although defense spending in Africa fell for the first time since 2018. According to the Stockholm International Peace Research Institute (SIPRI), which, in a new report published on...
The International Monetary Fund (IMF) denied last Friday that it was forcing Mozambique to reduce its wage bill by 17% by 2026. The IMF's director for Africa, Abebe Selassie, told a press conference that a new aid package for Mozambique should be approved by the IMF board, but added that he did not know...