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Mozambique: Government approves 2023 State General Account
9:31 CAT | 24 Apr 2024
File photo: O Pais
The Government approved yesterday the 2023 State General Account, which will be sent to the Administrative Court and the Assembly of the Republic for debate and approval.
According to the document, during the period in question, the country recorded a Gross Domestic Product (GDP) growth of 5 percent compared to 4.2 percent in the previous year.
The Agriculture, Extractive Industry, and Services sectors contributed to this effect. These data were provided today by the spokesperson for the 12th Session of the Council of Ministers, Inocêncio Impissa, who detailed that international net reserves increased from three months scheduled for 2023 to 4.3 months of coverage for the import of non-factorial goods and services.
He also mentioned that revenue collection in 2023 was around 326 billion meticais, corresponding to 30 percent of GDP, compared to 28 percent of GDP recorded in 2022. This performance reflects the impact of fiscal reforms on expanding the tax base, diversifying revenue sources, and improving the efficiency of the Tax Administration.
Source: O Pais
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