The State collected revenues totaling 352.6 billion meticais (€4.6 billion) in 2025 but failed to meet the target set in the Economic and Social Plan and State Budget (PESOE), the Government announced following the weekly Council of Ministers meeting held in Maputo.
According to government spokesperson Inocêncio Impissa, “the implementation of the PESOE took place in an extremely adverse international and domestic environment,” emphasizing that 2025 marked the first year of governance under President Daniel Chapo, in a context of strong economic recession following the contestation of the October 2024 electoral process.
According to the official, the actions outlined in the budget document were “strictly geared toward promoting peace, stability, social inclusion, and relaunching the foundations to stimulate the national economy.” The overall performance of the PESOE stood at 77%, with 360 of the 470 indicators evaluated showing positive execution, while 110 recorded negative results.
Regarding public spending, the State executed 449.7 billion meticais, corresponding to 86.5% of the annual target, below the 89.7% recorded in 2024. Revenue collection reached 91.4% of the forecast, slightly lower than the 91.6% achieved the previous year.
Inocêncio Impissa pointed to several constraining factors, including “the impacts caused by the volatility of external conflicts, the ongoing challenge of terrorism in Cabo Delgado, and the economic repercussions of post-electoral demonstrations,” in addition to the impact of three cyclones that affected the country. “Despite the constraints mentioned above, we have recorded favorable developments, notably the improvement in political stability with the launch of the Inclusive National Dialogue,” he stated, adding that the result achieved “is the product of a combined effort in the face of limited fiscal space and internal and external crises.”
The spokesperson also highlighted that 2025 was marked by the launch of structural initiatives such as the Local Development Fund, the Catalytic Fund, the Mutual Guarantee Fund, and the Economic Recovery Fund—tools which, according to the Government, are intended to boost the national economy in the short and medium term.
Source: Diário Económico
