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Mozambique’s 2023 State Budget plans to reduce deficit to 8.7% of GDP

"The budget deficit in 2023 will be 115 billion meticals (1.8 billion euros), equivalent to 8.7% of GDP, which means a decrease of 5.2 percentage points compared to 2022," reads the document consulted today by Lusa.

The deficit reduction is one of the commitments made by the Mozambican government to the International Monetary Fund (IMF) under the financial assistance program of US$470 million until 2025.

The 2023 numbers are based on a forecast of . . .

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