Porto de Maputo
Maputo, 29 Apr (AIM) – The Mozambican State collected, in the first quarter of the current year, 81.5 billion meticais (1.3 billion US dollars, at the current exchange rate) in revenue, which corresponds to 20.03 percent of the annual plan.
According to the government spokesperson and Minister of State Administration, Inocêncio Impissa, speaking to reporters on Tuesday after a meeting of the Council of Ministers (cabinet), citing the balance of implementing the Economic and Social Plan and State Budget (PESOE) for 2026, during the three month period, public expenditure reached 81.2 billion meticais, which was only 15.61 per cent of the total planned.
“The start of 2026 was marked by adverse shocks, particularly extreme weather events, namely floods in the south and centre of the country, as well as Cyclone Gezane, which affected infrastructure, production areas and livelihoods, constraining national economic and social performance. Simultaneously, during the period under review, Mozambique was affected by geo-strategic conflicts, notably the Israel–Palestine, and the Russia–Ukraine wars, and more recently the war by Israel and the United States against Iran”, he said.
Despite this scenario, Impissa said the Mozambican economy showed signs of gradual recovery after the contraction recorded in the first, second and third quarters of 2025.
“PESOE performance, in the first quarter, was also influenced by an adverse international context, marked by a slowdown in global economic growth, which fell from 3.4 percent in 2025 to around 3.1 percent in 2026, in an environment marked by political tensions, restrictive financial conditions and disruptions in global supply chains”, he said.
“Structural challenges persist, particularly the high weight of operating expenditure, which continues to absorb most domestic resources. The level of domestic debt remains high, limiting credit availability and the investment capacity of the private sector”, said Impissa.
(AIM)
Ad/pf (304)
