The implementation of the Single Wage Scale (TSU) has raised the salary budget from 154.4 billion Meticais to 185.3 billion Meticais, corresponding to an increase of 20%, which requires a huge effort on the part of the government. The information was made public today by the Minister of Economy and Finance, Max Tonela, in response to...
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Fuel prices in Mozambique could fall this year
The Minister of Economy and Finance, Max Tonela, said last Friday that fuel prices may decrease in the country, following a trend of crude oil cost reduction in the international market. The minister was speaking at a press conference that marked the end of a mission of the International Monetary Fund (IMF), which for 15...
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Government confident that no further fuel increases will be needed
The Minister of Economy and Finance expressed confidence this Thursday that it will not be necessary to raise fuel prices again after Monday's increase, stressing that everything depends on the global situation. "We believe that the price, despite being on the rise, has stabilized. Therefore, there will be no reason for additional increments, but this depends on the...