Mozambican government plans improved management of public finance

7 September 2012

The Vision for Public Finance 2011-2025 is an instrument that outlines the framework for the reform process on Mozambique’s public finance due to be carried out over the next 13 years, according to Mozambique’s Finance Minister, Manuel Chang.

Noting that this document would allow the State to achieve a level of excellence in management and governance of public finance, Chang said that the lack of an instrument of this kind to meet the requirements for reform in public finance management had already been felt.

In his turn, Augusto Sumburane, director of the Centre for Development of Finance Information Systems, said that the document was intended, amongst other things, to increase revenues and internal savings.

“The aim is also to ensure improvements in the prudent administration and management of assets and stake-holdings in the State business sector, as well as of public debt, social security, by integrating these areas into the ‘e-Sistafe’ system, which is the new IT platform,” noted Sumburane.

According to daily newspaper Notícias, the launch of the “Vision for Public Finance” took place on the last day of the 6th Coordinating Council of the Finance Ministry, which began Wednesday. (macauhub)