Mozambique: 193 state properties registered last year; more than 24,000 still to regularise – report

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Mozambique: 193 state properties registered last year; more than 24,000 still to regularise – report

3:15 CAT | 19 Jun 2019

The government has not yet been able to register all state properties given that, “in the fiscal year 2018, in relation to real estate, 77 were identified and 193 were registered in favour of the State” while 24,073 further real estate properties remain to be registered.

The General State Account reveals that the state’s assets up to December 31, 2018 “presented by the organs and institutions of Direct and Indirect Administration of the State, have a gross worth of 552,623.70 million Meticais and a net worth of 333,202.52 million Meticais, an increase of 8.25 percent and 7.10 percent, compared to the consolidated inventory of the previous year, respectively”.

“The analysis by type of assets shows that 44,983.38 million Meticais were registered for the category of mobile [assets] – which includes Books and Publications and Animals – 48,486.72 million Meticais for vehicles and 459,153.60 million Meticais for real estate, referring to all State organs and institutions including Public Companies and Local Authorities, with growth rates of 9.92 percent, 4.64 percent and 8.49, respectively, ” according to the document published by the Ministry of Economy and Finance.

However, “in relation to real estate, 77 were identified and 193 were registered in favour of the State, with the accumulated [total] of 29,381, of which 5,125 have legal status”, which means that at least 24,073 properties are not registered.