{"id":61127,"date":"2024-05-19T20:02:09","date_gmt":"2024-05-19T20:02:09","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-paying-overdue-invoices-can-improve-economy"},"modified":"2024-05-19T21:09:53","modified_gmt":"2024-05-19T21:09:53","slug":"state-paying-overdue-invoices-can-improve-economy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-paying-overdue-invoices-can-improve-economy","title":{"rendered":"State paying overdue invoices can improve economy"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambican businesspeople on Thursay called for the inclusion in the state budget of an annual appropriation just to pay overdue invoices, as advocated by the sector\u2019s association, which would \u201creduce losses\u201d and \u201cimprove the business environment\u201d.<\/p>\n

\u201cThe state owes and is slow to pay, which fuels corruption, because the people who have to decide on payments start to see this as an opportunity to extort companies,\u201d the chairman of the board of UINGE Participac\u0327o\u0303es, Nuno Uinge, told Lusa on the sidelines of the 19th Annual Private Sector Conference (CASP), taking place in Maputo.<\/p>\n

At issue is the request made on Wednesday at this conference by the president of the Confederation of Economic Associations of Mozambique (CTA), Agostinho Vuma, that over the next five years the state budget should include an annual allocation of US$50 million (\u20ac46 million) to pay overdue invoices, in view of the constraints caused to companies.<\/p>\n

At the same conference, the country\u2019s president, Filipe Nyusi, conceded that the \u201cmain constraint\u201d for companies \u201chas been the delay in the payment of invoices to suppliers of goods and services by the state\u201d.<\/p>\n

It is in this context that Nuno Uinge, manager of UINGE Participac\u0327o\u0303es, which has been operating for 25 years in the provision of employment agency services and the supply of technology for professional technical education, believes that the state should set an example of commitment to the growth of the business sector by paying debts.<\/p>\n

\u201cI think it\u2019s an assertive measure. If this US$50 million fund can be put in the budget, it will facilitate the progress of the economy, reducing the problems companies face and improving the business environment,\u201d he said.<\/p>\n

On the sidelines of the conference, which until Friday brings together around 80 national and foreign businesspeople in Maputo to discuss the business environment in the country, Nuno Uinge argued that, as well as paying off overdue debts, the government should continue to design policies that benefit the local business community, with the creation and approval of laws that promote competitiveness.<\/p>\n

\u201cThis is the case with the local content law, which is fundamental to the integration of national entrepreneurs in many sectors,\u201d he said.<\/p>\n

As well as the state\u2019s delay in paying its debts, businesspeople complain about the consequences of the insurgency in Cabo Delgado over the last six years and climatic events which, according to Salim Vala\u0301, chairman of the board of the Mozambique stock market and a businessman, have damaged the economy.<\/p>\n

\u201cState debts are a long-standing problem and there is always a dialogue with the private sector to settle them, because it\u2019s one of the ways to make companies survive,\u201d he said.<\/p>\n

\u201cI hope that this dialogue and permanent coordination between the sectors continues in the search for solutions, because entrepreneurs are the engine of the economy,\u201d said the stock market president, adding that this progressive regularisation would be \u201ca great relief and an oxygen balloon for entrepreneurs to continue working, reducing their losses\u201d.<\/p>\n

Entrepreneurs also believe that the proposal for an annual allocation to settle overdue invoices would help overcome the problem of lack of funding.<\/p>\n

\u201cIf you delay making payments, companies become inactive, which damages the economy,\u201d said businessman Faruk Osman, who is also chairman of the CTA\u2019s supervisory board.<\/p>\n

\u201cI think it\u2019s a pertinent proposal, since the private sector provides services to the state and the delay in payments causes companies to lose the ability to offer solutions to the market,\u201d added Faruk. He said that the private sector\u2019s proposal aims to boost the economy by ensuring that companies can fulfil their business plans: \u201cPaying companies is making them competitive and improves the business environment. Not paying is pushing them into bankruptcy (…). Many of them don\u2019t have the reserves to continue developing their activities while they wait for the money that is with the state.<\/p>\n

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

Africa-Press – Mozambique. Mozambican businesspeople on Thursay called for the inclusion in the state budget of an annual appropriation just to pay overdue invoices, as advocated by the sector\u2019s association, which would \u201creduce losses\u201d and \u201cimprove the business environment\u201d. \u201cThe state owes and is slow to pay, which fuels corruption, because the people who have […]<\/p>\n","protected":false},"author":84,"featured_media":61126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-61127","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":"\nState paying overdue invoices can improve economy - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambican businesspeople on Thursay called for the inclusion in the state budget of an annual appropriation just to pay ...\" \/>\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\/state-paying-overdue-invoices-can-improve-economy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State paying overdue invoices can improve economy\" \/>\n<meta property=\"og:description\" content=\"Mozambican businesspeople on Thursay called for the inclusion in the state budget of an annual appropriation just to pay ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-paying-overdue-invoices-can-improve-economy\" \/>\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=\"2024-05-19T20:02:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-19T21:09:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/05\/sm_1716136063.409819.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"315\" \/>\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=\"4 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\/state-paying-overdue-invoices-can-improve-economy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-paying-overdue-invoices-can-improve-economy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"State paying overdue invoices can improve economy\",\"datePublished\":\"2024-05-19T20:02:09+00:00\",\"dateModified\":\"2024-05-19T21:09:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-paying-overdue-invoices-can-improve-economy\"},\"wordCount\":665,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-paying-overdue-invoices-can-improve-economy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/05\/sm_1716136063.409819.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\/state-paying-overdue-invoices-can-improve-economy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-paying-overdue-invoices-can-improve-economy\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-paying-overdue-invoices-can-improve-economy\",\"name\":\"State paying overdue invoices can improve economy - 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