Mozambique 2025 Budget Approved

This is a news story, published by World Construction Network, that relates primarily to Mozambique Government news.

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World Construction Network

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World

Mozambique’s Budget woes, debt and unrest may weaken the construction industry - World Construction Network

Summary

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85% Informative

Mozambique Government has approved the draft law for the Economic and Social Plan and State Budget (PESOE) for 2025 in late April 2025 .

The budget involves a total spending plan of 512.8bn meticais ($ 8bn ), marking a decline of around 9% from 567.9bn in the 2024 budget.

It also estimates a revenue collection of 385.9b ($ 5.9 m), marking an 11.9% growth from 344.8b revenue collected in 2024 .

Fitch, the global credit ratings agency, downgraded the country’s Long-Term Foreign-Currency Issuer Default Rating ( IDR ) in February 2025 to CCC ’ from CCC+’, owing to weak public finances and rising debt.

The interest payment which Mozambique is incurring on its Eurobonds of $ 900 m grew from 5% to 9% per year in 2023 , increasing the total interest to be paid in a year from $ 45 m to $ 81 m.

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formal

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English

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