The Ministry of Finance revealed that public accounts recorded a deficit of 41.6 billion meticais (USD 645.3 million) in the first half of the year, equivalent to 32.8% of the annual forecast.
According to budget execution data from January to June, to cover the deficit, the State relied on domestic and external financing of 43.7 billion meticais (USD 677.9 million) and 17.4 billion meticais (USD 269.2 million), respectively, corresponding to 124.6% and 19.8% of the planned amounts.
“External debt continues its stabilization trend,” the document states, “having decreased by 1% year-on-year, while internal debt growth persisted, increasing by 9%, in line with the average growth of recent years.”
The document, released by Lusa, clarified that during this period, the State collected total revenues of 171.8 billion meticais (USD 2.6 billion), equivalent to 44.5% of the annual forecast, and incurred expenditures of 213.4 billion meticais (USD 3.3 billion), or 41.6% of the budgeted amount.
Recently, through the 2025 budget proposal, the Government highlighted that the public accounts deficit is estimated at 126.8 billion meticais (USD 1.9 billion), lower than the 155.8 billion meticais (USD 2.4 billion) recorded in 2024 and 145.5 billion meticais (USD 2.2 billion) in 2023.
To cover this deficit, the 2025 Economic and Social Plan and State Budget (PESOE) foresees domestic debt issuance of 35 billion meticais (USD 542.9 million), compared to 38.9 billion meticais (USD 603.4 million) issued in 2024.
External borrowing is also expected to increase by 0.6 percentage points compared to 2024, reaching 29.9 billion meticais (USD 463.8 million), equivalent to 1.9% of GDP.
“Another source of financing the public accounts deficit in 2025 will be external donations, estimated at 58.2 billion meticais (USD 902.8 million),” the document prepared by the Government of Daniel Chapo adds.
Source: Diário Económico
