Mozambique receives US$400-500 million in 2015 State Budget aid

7 October 2014

The countries and institutions that support the Mozambican state budget pledged Monday in Maputo to provide between US$400 million and US$500 million for 2015, the Mozambican Minister of Planning and Development said.

At the end of the planning meeting of the framework for evaluating performance in 2014 between the government and partners for programmatic support, Minister Aiuba Cuereneia said the relationship with partners was “quite good” given that those countries and institutions contribute between US$600 million and US$700 million every year, “including direct support to the state budget, sector support and support for existing programmes in the country.”

“Even so, Mozambique has to try to increase its internal resources and this has been happening as we already finance about 76 percent of our budget,” he said, cited by daily newspaper Notícias.

During the meeting, the Minister noted that in the first quarter of the year the Mozambican economy had maintained its positive performance registering Gross Domestic Product (GDP) growth in the order of 7.5 percent in line with projected growth of 8 percent by the end of the year. (macauhub/MZ)