The government warns that the country's current public debt is on a strong upward trend and fears that it could jeopardize this year's State Budget (SB). For this reason, the Executive wants to review the country's Public Debt Strategy for the period 2026/2029.

Speaking this Wednesday (26), at the end of the first ordinary session of Parliament, Finance Minister Carla Louveira revealed that in 2024, Mozambique's public debt reached the historic mark of one trillion meticais, an increase of eight percent over the previous year.

Quoted by Radio MozambiqueCarla Louveira explained that "the 2022-2025 Strategy in force in the country already provides for a review to make the current debt sustainable".

"We are reflecting on what additional actions the government can take to ensure the sustainability of our debt. We are on a trajectory of debt growth, which could call into question what the State Budget is, so we need to review this strategy, which is even reflected in our E-SISTAFE Law, the review of our debt strategy from time to time," explained Carla Loureiro.

(Photo DR)