Africa-Press – Mozambique. Revenue collected by the Mozambican state in 2024 was below target, amounting to around 344.836 billion meticais (€5.177 billion), but expenditure was also below budget, according to figures unveiled by the government.
The 2024 budget execution data was analysed on Tuesday at a cabinet meeting held in Maputo, and indicates that the collection of revenue by the state amounted to 89.9% of the target, while in 2023 it reached 91.8% of the objectives for that year.
It was a “year characterised by countless adversities and challenges,” acknowledged the Cabinet spokesman and Minister of State Administration and Civil Service Inocêncio Impissa, when presenting the data on the implementation of the 2024 Economic and Social Plan and State Budget (PESOE), which the government is to submit to parliament.
However, Impissa added that total state spending in 2024 stood at just over 493.356 billion meticais (€7.403 billion), or 86.9% of the amount budgeted, compared to 100% the previous year.
The first indicators now revealed for budget execution show that, of the 228 indicators evaluated, 135 “achieved the targets set for last year,” Impissa said.
Meanwhile, the government has decided to roll over the 2024 state budget, in emergency twelfths, due to the general elections having taken place on 9 October. It plans to approve the 2025 state budget during the first half of the year.
“The realisation of expenditure provided for in the 2024 PESOE must comply with the principle of using the funds set out therein in twelfths, until the 2025 PESOE is approved,” reads an information document from the Ministry of Economy and Finance, previously reported by Lusa.
Since 21 October, Mozambique has seen major post-election social unrest, with demonstrations and stoppages that have degenerated into violence with the police, causing the deaths of at least 315 people and leaving another 750 or so with gunshot wounds, and with widespread looting, pillaging and destruction of public and private property.
For More News And Analysis About Mozambique Follow Africa-Press
