{"id":6430,"date":"2021-09-24T18:37:43","date_gmt":"2021-09-24T18:37:43","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=6430"},"modified":"2021-09-24T16:40:53","modified_gmt":"2021-09-24T16:40:53","slug":"mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor","title":{"rendered":"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor"},"content":{"rendered":"

Africa-Press<\/a> – Mozambique<\/a>. <\/strong><\/span>Mozambique: Budget Monitoring Forum highlights impact of public debt on poor<\/p>\n

facebook sharing buttontwitter sharing buttonemail sharing buttonlinkedin sharing buttonwhatsapp sharing button<\/p>\n

Maputo, Sept. 23, 2021 (Lusa) \u2013 The Budget Monitoring Forum (FMO), a coalition of Mozambican non-governmental organisations interested in monitoring and influencing national public finances, on Thursday announced a campaign on the implications of public indebtedness for ordinary people in the country who live \u201cmostly on less than a dollar a day.\u201d<\/p>\n

Over 30 days, FMO said in a statement, it will \u201cpublish video works and articles to raise awareness among Mozambicans about the debt and its implications.\u201d<\/p>\n

The forum notes that \u201cover the last five years, Mozambique\u2019s public debt has grown rampantly, changing structure from a predominantly concessional to non-concessional composition.<\/p>\n

\u201cA large part of our debt was contracted to carry out investment projects whose priority is absolutely questionable\u201d and which \u201care incapable of generating profits to be self-sustaining,\u201d it adds.<\/p>\n

At the same time, the capacity for \u201cinvestment in social sectors, health, education, water and sanitation, social protection\u201d is limited and there is no greater distribution of wealth \u201cto the point of contributing to solving the main problems of poverty in the country,\u201d such as hunger, chronic malnutrition, lack of access to drinking water and sanitation, it stresses.<\/p>\n

The country\u2019s minister for the economy and finance, Adriano Maleiane, said during the debate on the 2021 State Budget that Mozambique\u2019s public debt totalled $12.37 billion (\u20ac10.549 billion).<\/p>\n

Most of this debt, $9.85 billion, is external and the remainder is domestic, in the form of treasury bonds on which the state must pay high interest rates.<\/p>\n

Around 44% of the external debt is made up of loans from multilateral institutions such as the World Bank and the African Development Bank, while around $2 billion is owed to China, mainly for construction of the ring road and suspension bridge over Maputo Bay, as well as the roads to the south of the country.<\/p>\n

Maleiane said that this investment is to be paid for with tolls, but without detailing the accounting and calculations based on existing traffic.<\/p>\n

Besides the official total for public debt, there are state guarantees provided to two public enterprises involved in the \u2018hidden debts\u2019 scandal, Proindicus and MAM (Mozambique Asset Management), which took out foreign loans that state is seeking to annul in lawsuits underway in international bodies.<\/p>\n

Of these undeclared debts of $2.7 billion, Mozambique is honouring the $900 million that concerns the restructuring of eurobonds that were to have financed state-owned fishing enterprise Ematum.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Mozambique: Budget Monitoring Forum highlights impact of public debt on poor facebook sharing buttontwitter sharing buttonemail sharing buttonlinkedin sharing buttonwhatsapp sharing button Maputo, Sept. 23, 2021 (Lusa) \u2013 The Budget Monitoring Forum (FMO), a coalition of Mozambican non-governmental organisations interested in monitoring and influencing national public finances, on Thursday announced a campaign […]<\/p>\n","protected":false},"author":84,"featured_media":6429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-6430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique: Budget Monitoring Forum highlights impact of public debt on poor - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor facebook sharing buttontwitter sharing but ...\" \/>\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\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor\" \/>\n<meta property=\"og:description\" content=\"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor facebook sharing buttontwitter sharing but ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor\" \/>\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=\"2021-09-24T18:37:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/09\/img-614dff7d1555a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor\",\"datePublished\":\"2021-09-24T18:37:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor\"},\"wordCount\":425,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/09\/img-614dff7d1555a.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor\",\"name\":\"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/09\/img-614dff7d1555a.jpg\",\"datePublished\":\"2021-09-24T18:37:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor facebook sharing buttontwitter sharing but ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/09\/img-614dff7d1555a.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/09\/img-614dff7d1555a.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/\",\"name\":\"Mozambique\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor - Mozambique","description":"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor facebook sharing buttontwitter sharing but ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor","og_locale":"en_US","og_type":"article","og_title":"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor","og_description":"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor facebook sharing buttontwitter sharing but ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-09-24T18:37:43+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/09\/img-614dff7d1555a.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor","datePublished":"2021-09-24T18:37:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor"},"wordCount":425,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/09\/img-614dff7d1555a.jpg","keywords":["Africa Press","Africa Press-Mozambique","Mozambique"],"articleSection":["all news","economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor","name":"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/09\/img-614dff7d1555a.jpg","datePublished":"2021-09-24T18:37:43+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor facebook sharing buttontwitter sharing but ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/09\/img-614dff7d1555a.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/09\/img-614dff7d1555a.jpg","width":1280,"height":720,"caption":"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-budget-monitoring-forum-highlights-impact-of-public-debt-on-poor#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Mozambique: Budget Monitoring Forum highlights impact of public debt on poor"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mozambique\/#website","url":"https:\/\/www.africa-press.net\/mozambique\/","name":"Mozambique","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/6430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/comments?post=6430"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/6430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/6429"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=6430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=6430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=6430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}