Mozambican government plans to increase funding for agriculture

14 December 2010

Maputo, Mozambique, 14 Dec – The Mozambican government plans practically to double funding for the agriculture sector by 2015, rising from 5.6 percent of the State Budget currently, to 10 percent, the Mozambican prime minister, Aires Ali said Monday in Maputo.

According to Mozambican newspaper Notícias the rise in spending on this sector is part of the Comprehensive Africa Agriculture Development Programme – CAADP, the Mozambican version of which was launched Monday in Maputo.

The CAADP was born in the Mozambican capital some seven years ago during a meeting of the heads of State and government and one of the commitments made at the time was related to consigning at least 10 percent of the State Budget to agriculture, in order to secure reasonable funds for the sector.

“The government is focused on consigning more resources to agriculture and is confident that before 2015 the 10 percent target will be reached,” said Ali at the event to launch the programme in Mozambique.

The CAADP aims to induce and sustain transformation of agriculture at an annual average rate of 6 percent, as a way of improving food security and reducing poverty. (macauhub)