Mozambican economy to expand 7 pct in 2008, government says

20 September 2007

Maputo, Mozambique, 20 Sept – The Mozambican economy is projected to grow by 7 percent in 2008 and inflation to reach 5.7 percent, according to a proposal for the Economic and Social Plan for 2008 approved Tuesday by the country’s Council of Ministers.

In 2008, according to the same document, Mozambique will export goods to the value of US$2.632 billion, particularly sea products, wood and mining resources, mainly natural gas and its derivatives.

Another document that will be submitted to Parliament is the budget proposal for 2008, which according to the spokesman for the 25th session of the Council fo Ministers, deputy minister for Planning and Development, Victor Bernardo, includes total expenditure of US$88.196 billion meticals.

Both documents will be presented for debate and voting to the country’s parliament, which will meet in October. (macauhub)