Mozambique: Sovereign risk remained at a severe level in 2024 - central bank
Mozambique: 2017 budget priorities go to Education, Health, Agriculture and Social Welfare
7:27 CAT | 29 Sep 2016
The Mozambican government on Tuesday approved the draft Economic and Social Plan for 2017, which envisages an economic growth rate of 5.5 per cent.
The Council of Ministers (Cabinet) approved both the plan and the accompanying state budget, which will now go before the country’s parliament, the Assembly of the Republic.
The government spokesperson, Deputy Health Minister Mouzinho Saide, told reporters that one of the priorities of the plan is to increase domestic food production, in order to overcome this year’s deficit in agricultural production, caused partly by adverse climatic factors, notably the severe drought in southern and central Mozambique.
“To deal with the current macro-economic scenario, the Plan seeks to develop actions that will improve the quality of the national financial and exchange system, with the main aim of preserving macro-economic stability and the value of the national currency”, added Saide.
As for the budget, it would remain restrictive, holding down public expenditure to “sustainable levels”. Saide said reforms will continue to increase state revenue and the efficiency and effectiveness of public expenditure.
He promised that, despite the restrictions on expenditure envisaged, the government would prioritise the allocation of expenditure to the key sectors of education, health, agriculture and social welfare.
Source: AIM
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