Mozambique’s economy grows 6.1 pct in first half

13 August 2015

Mozambique’s economy grew by 6.1 percent in the first half, against a forecast of 7.5 percent for the full year in 2015, a government spokesman said in Maputo Tuesday.

Mouzinho Saíde, cited by Mozambique’s AIM news agency, said after the meeting of the Council of Ministers, that according to the balance of the first half-year of the Economic and Social Plan (PES), the average inflation rate in the first half was 2.35 percent against 5.1 percent forecast for 2015.

In the first half Mozambique earned i70.4 billion meticais (US$1.828 billion) in net revenue, excluding repayments on Value Added Tax (VAT).

The government spokesman said the amount collected corresponds to 43.8 percent of the established forecast for 2015.

The Implementation Report of the State Budget for the first half, which was analysed in the government meeting, also outlined expenses of 77 billion meticais (US$2.000 billion), corresponding to 34.0 percent of the projected total in the 2015 State Budget. (macauhub/MZ)