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MEF: Mozambican State Revenues From Concessions Down 10% By September

MEF: Mozambican State Revenues From Concessions Down 10% By September

The Mozambican state’s revenue from concessions fell by 10.1% until September, compared to the same period in 2022, to more than 2.4 billion meticais, according to data that Lusa had access to this Friday, 24 November.

According to the Ministry of Economy and Finance’s (MEF) economic and social balance sheet of the implementation of the state budget from January to September, the contribution of concessions to total state revenue in this period was 1.1 per cent, compared to 1.3 per cent in the three quarters of 2022, totalling more than 2.7 billion meticais.

Still on revenue from concessions, the MEF document indicates that the Cahora Bassa Hydroelectric Plant, with more than 1.4 billion meticais, and the port of Maputo, with more than 591 million meticais, contributed 56.3 per cent and 23.7 per cent of the total, respectively.

“Overall, the Mozambican state’s current revenue grew by 7.8 per cent up to September, to more than 232.5 billion meticais,” says the report.

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In the same period, from January to September 2023, dividend income fell by more than 90% to 484.3 million meticais.

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