{"id":46368,"date":"2023-09-09T21:05:34","date_gmt":"2023-09-09T21:05:34","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/public-debt-state-enterprises-among-fiscal-risks-for-2024"},"modified":"2023-09-09T23:23:35","modified_gmt":"2023-09-09T23:23:35","slug":"public-debt-state-enterprises-among-fiscal-risks-for-2024","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/public-debt-state-enterprises-among-fiscal-risks-for-2024","title":{"rendered":"Public debt, state enterprises among fiscal risks for 2024"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique\u2019s government has identified natural disasters, public debt above sustainability limits, inflation and the performance of the State Business Sector, namely three companies, as the main fiscal risks in 2024.<\/p>\n

The fiscal risks report, produced by the Ministry of Finance\u2019s Risk Management Directorate and seen by Lusa on Monday, states that the public debt ratio, including contingent liabilities, fell from 109% of Gross Domestic Product (GDP) in 2021 to 82% in 2022, a reduction of 26.8 percentage points.<\/p>\n

\u201cHowever, the country still has debt ratios above the sustainability thresholds recommended for low-income countries,\u201d the report pointed out, with Mozambique\u2019s \u201cmain fiscal risks\u201d next year.<\/p>\n

\u201cAlthough the public debt\/GDP ratio is decreasing, exchange and interest rates are the main fiscal risk factors for the increase in public debt servicing, which could jeopardise the primary balance,\u201d it reads.<\/p>\n

Exposure to the State Business Sector is another of the risks identified for 2024 by the fiscal risks report, which emphasises, however, that this risk \u201cimproved considerably\u201d in 2022, reflected in the reduction of the debt stock from 22% of GDP in 2021 to 4% of GDP.<\/p>\n

The airline LAM, oil distributor PETROMOC and telecoms operator TMCEL \u201ccontinue to deserve greater attention from the state due to their fragile financial situation,\u201d the fiscal risks report warned.<\/p>\n

The document also pointed to natural disasters as a concern, given the risks of the next rainy and cyclonic season, in 2023\/2024, when the National Meteorological Institute (INAM) predicts the occurrence of the El Nino phenomenon, \u201cwhich could lead to a shortage of rainfall in the south and part of the centre of the country, and high rainfall in the north\u201d.<\/p>\n

It also states that although inflation is \u201cslowing down in 2023\u201d, it will continue to \u201cput pressure on public finances\u201d in 2024 \u201cand could reach 8.8% compared to the 7.0% forecast\u201d in the initial planning.<\/p>\n

\u201cThis effect could put pressure on spending, particularly on goods and services, by 0.4% of GDP,\u201d the document warned.<\/p>\n

In addition, the fiscal risks report identified other risks that were not classified as high but which \u201ccould possibly impact public finances\u201d next year, namely economic growth, the performance of the financial sector, pension payments and the results of Public-Private Partnerships.<\/p>\n

\u201cIt is expected that in the medium term, the economy will continue to perform well, with average economic growth of 5.4%. However, risks and uncertainties prevail, which could result in revenue being underestimated by an average of 0.9% of GDP,\u201d the report concluded.<\/p>\n

The fiscal risks report is a document that presents the main sources of fiscal risks and mitigation measures \u201cin order to reduce the exposure of public finances to unexpected events\u201d.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Mozambique\u2019s government has identified natural disasters, public debt above sustainability limits, inflation and the performance of the State Business Sector, namely three companies, as the main fiscal risks in 2024. The fiscal risks report, produced by the Ministry of Finance\u2019s Risk Management Directorate and seen by Lusa on Monday, states that the […]<\/p>\n","protected":false},"author":84,"featured_media":46367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-46368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nPublic debt, state enterprises among fiscal risks for 2024 - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique\u2019s government has identified natural disasters, public debt above sustainability limits, inflation and the per ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/public-debt-state-enterprises-among-fiscal-risks-for-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Public debt, state enterprises among fiscal risks for 2024\" \/>\n<meta property=\"og:description\" content=\"Mozambique\u2019s government has identified natural disasters, public debt above sustainability limits, inflation and the per ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/public-debt-state-enterprises-among-fiscal-risks-for-2024\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-09T21:05:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-09T23:23:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/09\/sm_1694284215.307047.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"825\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/public-debt-state-enterprises-among-fiscal-risks-for-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/public-debt-state-enterprises-among-fiscal-risks-for-2024\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Public debt, state enterprises among fiscal risks for 2024\",\"datePublished\":\"2023-09-09T21:05:34+00:00\",\"dateModified\":\"2023-09-09T23:23:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/public-debt-state-enterprises-among-fiscal-risks-for-2024\"},\"wordCount\":446,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/public-debt-state-enterprises-among-fiscal-risks-for-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/09\/sm_1694284215.307047.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/public-debt-state-enterprises-among-fiscal-risks-for-2024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/public-debt-state-enterprises-among-fiscal-risks-for-2024\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/public-debt-state-enterprises-among-fiscal-risks-for-2024\",\"name\":\"Public debt, state enterprises among fiscal risks for 2024 - 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