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State General Budget: “New Platforms Have Improved Revenue Collection” – Adriano Maleiane

State General Budget: “New Platforms Have Improved Revenue Collection” – Adriano Maleiane

The introduction of various reforms and platforms in the General State Budget (CGE) has made it possible to ensure a better quality of information in the process of rendering accounts, as well as an increase in revenue collection levels last year.

The information was announced this Wednesday, November 15, in Maputo, by the government, in Parliament, during the session to present and assess the CGE for the 2022 financial year.

According to the government, as part of the established reforms, accounting procedures have already been updated to allow all the information on budget, financial and asset execution to be captured and recorded, guaranteeing the generation of the most reliable statements.

In this regard, revenue collection for the state coffers in the period under review amounted to 285.6 billion meticais, corresponding to almost 100% of the annual forecast and around 24.2% of the Gross Domestic Product (GDP), standing 7.4% above the 2021 achievement level in nominal terms.

The Prime Minister, Adriano Maleiane, explained that “in the period in question, the Executive continued to implement measures and actions that contribute to the consolidation and improvement of e-SISTAFE, especially in the collection of resources”.

“In total revenue, taxes on goods and services stand out, with a contribution equivalent to 51.3%, followed by taxes on income, with 30.1%, other current revenue, other national taxes, fees and capital revenue,” he said.

In addition, the minister assured that in order to overcome the challenges identified in the CGE, the government will continue to implement a series of measures and actions in order to ensure strict application of the rules and procedures of the State’s Financial Administration, taking into account the recommendations of the Administrative Court (TA) and the Assembly of the Republic (AR).

Within this framework, the Public Accounting chart of accounts is being updated, with the aim of introducing improvements in accounting procedures and records on the State’s budgetary, financial and asset execution.

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