Mozambique: Tantalite production fell 3% in 2023
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The Plan and Budget Commission (CPO) of Mozambique’s Assembly of the Republic said yesterday that the government should improve its capacity to verify the costs borne by the oil exploration companies so as to deduct the appropriate amount of tax.
In the opinion he delivered to members of parliament yesterday, CPO chairman Eneas Comiche specifically mentioned the consortia led by Anadarko and ENI/ExxonMobil as possible subjects of further scrutiny.
These two consortiums have the largest LNG concessions in Mozambique and are preparing to start their respective development plans.
The document urges the government to enforce the rule which establishes that 2.5 percent of the revenues generated by mining and oil extraction should be channelled to communities living in the areas of the enterprises.
The executive should also implement measures to promote investment in economic and social areas, reform fiscal machinery and simplify procedures for doing business.
The improvement of the state’s assets register and the processes of forecasting, budgeting, collecting and recording its own income are also included in the recommendations.
The 2016 CGE recorded a revised revenue of 165.540 million meticais (€ 2.1 billion) and a revised expenditure of 243.358 million meticais (€ 3.2 billion), resulting in a deficit of 77.817 million meticais ( more than one billion Euros).
The 2016 CGE will go to the vote in the Assembly of the Republic on Thursday.
In Mozambique, the General State Account is debated two years after its execution due to difficulties in its compilation and a delay for analysis and approval by the Administrative Court, which then sends it to parliament.
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