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File photo: Lusa
The Mozambican parliament on Wednesday approved the General State Account (CGE) for 2017, with the votes in favour of the majority of the ruling Mozambican Liberation Front (Frelimo) party. The opposition voted against in its entirety.
The Frelimo parliamentary bench found that the CGE had been drawn up in accordance with the principles and rules enshrined in the law, and that “the results of macroeconomic management show a positive performance, measured by the evolution of the main indicators”.
The General State Account for 2017 presented by the Mozambican executive indicates that Mozambique’s foreign debt increased by 10% to US$9.487 billion (EUR 8.4 billion) in 2017.
The document makes no specific mention of the so-called ‘hidden debts’ endorsed by the former Mozambican executive between 2013 and 2014, treating all debt burdens the same.
The Mozambican National Resistance (Renamo), Mozambique’s main opposition party, and the Democratic Movement of Mozambique (MDM), the country’s third-largest political party, voted against the motion on the grounds that the accounts fail to meet State Budget rules and erroneously incorporate the country’s controversial hidden debts.Source: Lusa
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