Mozambique: Government makes “positive assessment” of the 2020 plan and budge – report

Login

Register

http://www.clubofmozambique.com/

Mozambique: Government makes “positive assessment” of the 2020 plan and budge – report

5:18 CAT | 10 Feb 2021

Photo courtesy: Europlate The Blog

The Mozambican government yesterday arrived at a “positive assessment” of the implementation of the Economic and Social Plan (PES) and of the State Budget Execution Report for 2020, to be submitted to the Assembly of the Republic, a statement from the Council of Ministers reveals.

Of PES 2020’s total 548 indicators, 296 (54%) achieved their goals in full and 115 (21%) partially, reads the statement, which highlights adversities such as the Covid-19 pandemic and armed conflicts in the north and centre of the country.

“During the period under review, the country recorded internal macroeconomic stability,” the weekly cabinet meeting determined, with import coverage rising from 5.8 to six months and average inflation at 3.14% compared to 2.78% in 2019.

The Budget Execution Report (REO) for last year reports a 12.62% drop in State revenue compared to 2019, from 276,788 million meticais (€3,042 million) in 2019 to 236,321 million meticais (€2,597 million) in 2020.

Expenditure grew 7.58% in the same period, from 313,621 million meticais (€3,447 million) in 2019 to 337,397 million meticais (€3,708 million) in 2020.

#Mozambique state revenue dropped 14,8% in 2020, to MZN 236,3 billion compared to 276,7 b in 2019. In opposite, state expenditures increased to MZN 374,1 b in 2020 from MZN 313,6 b in 2019. Covid-19 & war in #CaboDelgado blamed for poor economic performance, cabinet said. pic.twitter.com/2OFZdTE97V

— Borges Nhamirre (@BorgesNhamirre) February 9, 2021