Mozambique: Government establishes rules for publishing job vacancies and pre-professional ...
The Mozambican state has so far collected 18 percent of the more than 176 billion of tax revenue meticais (EUR2.8 billion) it expects to receive this year, the official government publication Jornal de Moçambique announced yesterday.
“Levels of implementation, both on the revenue side and on the side of public expenditure, are satisfactory. Now the challenge is to achieve the highest possible rate of revenue collection,” Council of Ministers spokesman Ana Comoana is quoted as saying.
According to the same source, the expenditure execution level reached 19.5 percent of the more than 246 billion meticais (EUR3.9 billion) of the expenditure set by the 2016 state budget.
The Council of Ministers spokesman said that the government’s economic policy is geared to ensuring the promotion of inclusive and sustainable economic growth, ensuring greater dynamism in the productive sector and improving the quality of life of citizens.
This perspective calls for the maintenance of macroeconomic stability through the correction of fiscal imbalances, rationalizing public expenditure and reforming the tax sector.
Following the announcement of the suspension of support by some of the country’s international partners after the discovery debts concealed by the Mozambican government, the executive has signalled that it will implement cuts, control public expenditure more strictly and increase revenue capabilities.
The Mozambican government in April acknowledged the existence of a previously undisclosed debts of US$1.4 billion (EUR 1.25 billion), which it justified on national security grounds.
The revelation of government-guaranteed loans contracted between 2013 and 2014 led the International Monetary Fund to suspend the second installment of a pre-agreed loan to Mozambique and cancel a visit to Maputo.
The G14 group of state budget donors also suspended its payments, followed by the US, which announced this week that it would review its bilateral support to the country.
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