Maputo, 1 Nov (AIM) – Mozambican state revenue reached, from January to September of the current year, 232.5 million meticais (about 6.4 billion dollars at the current exchange rate).
This figure, according to government spokesperson, Deputy Justice Minister Filimão Suaze, speaking on Tuesday at the end of a meeting of the Council of Ministers (Cabinet), is a growth of eight per cent when compared to the same period last year.
Expenditure, he said, amounted to 316,495.0 million meticais, corresponding which was 67 per cent of the forecast.
The annualized GDP growth rate, he said, was 4.4 per cent, which is somewhat higher than the international average, or the average rate for the countries of sub-Saharan Africa.
Suaze claimed that Mozambique is now experiencing “domestic macro-economic stability”, with annual inflation of 8.7 per cent, well below the 11.5 per cent forecast.
Net international reserves, he added, were now sufficient to cover 3.8 months of imports of goods and services.
Suaze said the Council of Ministers also took stock of the first nine months of the implementation of the 2023 Economic and Social Plan and State Budget, noting that “of the 135 indicators programmed for the period, 73.3 percent had positive performance.”
(AIM)
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