Mozambique: Mozambique to receive US$455 million for 2009 budget

19 September 2008

Maputo, Mozambique, 19 Sept – Mozambique will receive US$485.2 million from its 19 regular international partners to support the State Budget for 2009, the country’s Planning and Development Minister, Aiuba Cuereneia said Friday in Maputo.

At the end of the 2008 half-year review meeting, which brought together the government, Programme Support Partners, members of civil society and other interested parties, Cuereneia also said that the 19 partners had confirmed funding for sector programme aid, totalling US$361.3 million.

Cuereneia added that these figures represented a rise of US$91 million as compared to last year and a rise of US$72 million against pledges made for 2009.

According to Cuereneia the Mozambican government remained committed to increase internal revenues, by improving and modernising charging mechanisms and widening the tax base.

“This commitment is reflected in the target for internal revenues in 2009, which was agreed during the revision, of 14.4 percent of Gross Domestic Product (GDP), which is significantly higher than previous projections,” said Cuereneia.

The Half-year Review is carried out every year in order to review indicators and establish targets for government and partner performance the following year. (macauhub)