Mozambique's public debt remains unsustainable and outside the established limits, a fact that puts the country without access to new loans.

According to the Administrative Court, in its opinion to the General State Account, last year, the volume of public debt represented 97.3% of the Gross Domestic Product (GDP), after 78.1% in 2019, and in total, Mozambique's public debt was around 948.7 billion meticais in 2020.

"The ratios of the public debt sustainability indicators remain above the established limits, placing the country in a situation of restriction in contracting new credits," reads the TA document to the 2020 General State Account (CGE).

The document also points out, that the highest ratio of the last five years was in 2016, when the public debt-to-GDP ratio reached 101.8%.

However, according to the Administrative Court, there is still a lack of channeling to the Public Treasury the balances in the bank accounts of public institutions and an increase in the execution of funds outside the Single Treasury Account.