Africa-Press – Mozambique. The Prime Minister of Mozambique, Adriano Maleiane, told parliament today that, as a result of the recovery measures announced in August, the government is managing to contain the rise in inflation and boost economic growth.
“The measures that the government has been implementing to increase production and mitigate fuel prices” are helping to “limit the rate of growth of average inflation in the country”, Maleiane said.
The prime minister was speaking in the Assembly of the Republic during a session dedicated to questions to the government from the deputies of the three parliamentary benches.
Responding to the question about the impact of the country’s economic recovery measures, Adriano Maleiane pointed out that the executive managed to lower the price index to less than double digits in September.
“Last September, inflation stood at 8.78% against the double-digit average in Africa and Europe,” noted Maleiane.
The referred to the 12-month average inflation, which compares the average price index of the last 12 months with the average of the previous 12 months.
Year-on-year inflation, the figure usually cited around the world, stood at 12.01% in September in Mozambique [Year-on-year inflation reveals how the price index has changed relative to the same time a year ago.]
The country’s economy, Maleiane continued, has followed a growth path, with the Gross Domestic Product (GDP) growing by 4.37% compared to the first half of 2021, at the hugith of the Covid-19 pandemic.
“The growth of our economy in these two quarters was driven by the good performance in the agriculture, fishing, tourism, transport, manufacturing, mining and services sectors,” the prime minister noted.
The improvement in performance was also being boosted by the relaxation of Covid-19 countermeasures, he added.
Adriano Maleiane noted that the executive’s performance has been affected by factors such as rising fuel prices on the international market (due to the Russia-Ukraine war), the impact of climate change, and terrorism in Cabo Delgado.
Despite these constraints, the country remains committed to building more infrastructure, reducing poverty and protecting the most vulnerable sections of the population, Maleiane noted.
The prime minister stressed that the executive would submit to parliament a request for a specific revision of the VAT code, as part of the implementation of the package of economic recovery measures.
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