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Government Concession Revenues Down 3.6% to $24.8M in Q1

Government Concession Revenues Down 3.6% to $24.8M in Q1

The Ministry of Economy and Finance revealed that state revenues from concessions fell by 3.6 per cent in the first quarter of 2024, standing at 1.6 billion meticals (24.8 million dollars).

According to a budget execution report, the concession for the Port of Maputo continues to be the highest earner for the state, totalling 526.1 million meticals (8.1 million dollars) in the period under review.

‘The concession for the Cahora Bassa Hydroelectric Plant (HCB) earned 458.3 million meticals (7.1 million dollars),’ said the document.

The weight of concessions in total state revenue fell from 2.6 per cent in the first quarter of 2023 to 2.2 per cent this year.

Overall, the document recalled that in 2023, state revenue from concessions increased by 40 per cent year-on-year to more than 5.2 billion meticals (80.6 million dollars).

The contribution of concessions to total state revenue was 1.6 per cent, compared to 1.3 per cent in 2022, with the figure standing at 3.7 billion meticals.

Last year, HCB, with almost 2.3 billion meticals, and the Port of Maputo, with more than 1.2 billion, contributed 44 per cent and 24 per cent of the total respectively.


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