Mozambique: 2022 State General Account shows improvement – Watch

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Mozambique: 2022 State General Account shows improvement – Watch

4:25 CAT | 07 Nov 2023

Screen grab: TVM

The Administrative Tribunal notes significant improvements on the part of the government in management and compliance with the laws that govern public finances, the President of the Plan and Budget Committee of the Assembly of the Republic says regarding the General State Account for the year 2022.

Maintaining the portfolio of loans already contracted as well as guaranteeing the stability of the trajectory of domestic public debt are two of the priorities defined by the government in the management of public finances.

The commitment was made by the executive to the Plan and Budget Committee on Monday as part of clarifications requested regarding the opinion of the Administrative Tribunal in relation to the General State Account for the year 2022.

The executive says it is undertaking a series of actions to allow for better credit management, with a view to making state borrowing more sustainable.

Deputy Minister of Economy and Finance, Carla Louveira, explained that reforms are being developed with a view to creating efficient participation channels in the non-bank credit market, thereby introducing a segment of institutional investors with a preference for long-term assets, such as pension funds and insurance companies.

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