MOZAMBIQUE: The Mozambican government has identified natural disasters, public debt above sustainability limits, inflation and the performance of the state enterprise sector as the main fiscal risks for FY24.
The Fiscal Risks Report (RRF), produced by the Risk Management Directorate at the Ministry of Economy and Finance (MEF) was released on 4 September. It further revealed that public debt, including contingent liabilities, fell from 109 percent of GDP in 2021 to 82 percent in 2022, representing a drop of 26.8 percentage points. Furthermore, it revealed that the debt held by state-owned entities has reduced over the past few years. Despite this, the document points out that the country has debt ratios above the sustainability limits recommended for low-income countries. (Diário Económico)
