Public debt in the country increased again in 2025, reaching $17.1 billion, representing a 2.16% rise compared to the previous year, according to the debt management report released by the Ministry of Finance.
According to Lusa, the increase was mainly driven by domestic debt, which rose by 9% to around $470 million, consolidating its position as the largest component of the total debt stock.
This trend raises new concerns about the state’s ability to contain the pace of borrowing, at a time when authorities have reiterated their commitment to fiscal sustainability.
In May 2025, public debt stood at $16.7 billion, showing that the annual increase was significant and heavily influenced by the expansion of domestic financing, which grew by over $3 billion.
Regarding the structure of external debt, the report indicates that it remained relatively stable in the fourth quarter, with multilateral loans predominating, representing 56.3% of the total. Bilateral loans accounted for 34.5%, showing a slight decrease, while the MOZAM 2032 bonds corresponded to 9.2%, remaining unchanged during the period under review.
Source: Diário Económico
