Mozambique’s state revenues to see growth of 0.5 basis points per year from 2011 to 2013

20 January 2011

Maputo, Mozambique, 20 Jan – Mozambique’s state revenues are expected to see average annual growth of half a percentage point of GDP per year from 2011 to 2013, said a government source cited by Mozambican daily newspaper Notícias.

The source said that the rise expected in state revenues would be as a result of expansion of taxation as well as efforts to maintain macroeconomic stability and greater efficiency of fiscal administration.

In Mozambique State revenues are made up essentially of tax revenues, non-tax revenues, own revenues, consigned revenues and capital revenues.

In the three-year period mentioned tax revenues are expected to make up an average of 83 percent of total state revenues.

In terms of foreign donations, the government source said that despite pledges falling in the 2011-2013 period, the 27.2 billion meticals expected for 2011 is higher than the 25.4 billion meticals provided in 2009.

However, by proportion of GDP, donations fell from 9.6 percent in 2009 to 7.8 percent in 2011. (macauhub)