Mozambique: Chapo praises central bank for ensuring monetary stability - AIM
Mozambique: Government debt nearly 82% of GDP
10:55 CAT | 27 Jun 2018
In file CoM
Mozambique’s government debt at the end of 2017, excluding guarantees, was 661 billion meticals (€9.5 billion), which is equivalent to around 81.8% of Gross Domestic Product (GDP) the government said on Monday.
The government debt in dollars increased by about 10,0% and internal debt rose by 21%, mas, but overall this item in the budget in 2017 fell 5.7% because of the valuation of Mozambique’s currency, the metical, which went from around 70 to the dollar in the first five months to roughly 60 to the dollar in the rest of the year.
At the end of 2017, about 555 billion meticals (€8 billion) was foreign debt and 107 billion meticals (€1.5 billion) was internal debt.
Source: Lusa
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.