In 2023, Mozambique witnessed a significant 12.7% growth in state revenue, amounting to 321.921 billion meticais (€4.675 billion), largely due to increased tax collections.
This growth, detailed in a report from the Ministry of Economy and Finance, achieved 92.2% of the year’s projected revenue, initially estimated at nearly 349.114 billion meticais (€5 billion).
Tax revenue, 90% of the total, reached 293.589 billion meticais, up 11.6% from last year but 7% below expectations.
Value-added tax (VAT) revenue fell by 45.9%, totaling 63.455 billion meticais.
Projected 2023 VAT collection: 75.994 billion meticais, deducting 12.539 billion meticais for tax refunds.
Corporate income tax surged by 74% to 90.117 billion meticais, surpassing government expectations by 15%.
The GDP grew by 5.01% in 2023, up from 4.16% in 2022, reflecting improved economic performance.
Additionally, Mozambique saw a decrease in its annual inflation rate to 7.13%, a reduction of 3.17 percentage points from the year before.
The financial overview underscores the link between tax policies, revenue collection, and economic growth, indicating progress towards stability.
Live Market IntelligenceCrypto — Live Market Board
Rio Times · Live Market Intelligence
Crypto — Live Market Board
+1.14%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| BTC | 74,558 | +1.14% | -27.61% | 73,720 | 74,574 | 73,264 | 23,276,523,520 |
| ETH | 2,088 | +1.84% | -38.86% | 2,050 | 2,094 | 2,042 | 9,245,587,456 |
| SOL | 85.27 | +2.41% | -44.81% | 83.26 | 85.58 | 82.41 | 2,040,435,584 |
| XRP | 1.07 | +0.93% | -55.45% | 1.06 | 1.08 | 1.05 | 1,889,238,016 |
| BNB | 687.46 | +1.16% | -28.26% | 679.59 | 687.62 | 676.41 | 1,121,505,664 |
| ADA | 0.18 | +2.54% | -67.98% | 0.17 | 0.18 | 0.17 | 188,159,248 |
| DOGE | 0.07 | +1.53% | -59.89% | 0.07 | 0.07 | 0.07 | 451,218,656 |
| AVAX | 8.64 | +3.21% | -49.23% | 8.37 | 8.71 | 8.37 | 268,072,624 |
| LINK | 10.49 | +2.10% | -31.38% | 10.28 | 10.55 | 10.24 | 171,457,392 |
| DOT | 0.86 | +2.09% | -71.82% | 0.84 | 0.87 | 0.83 | 62,418,892 |
| LTC | 51.16 | +0.96% | -48.65% | 50.68 | 51.47 | 50.41 | 195,984,048 |
| BCH | 232.30 | +0.68% | -54.05% | 230.74 | 233.38 | 227.80 | 131,936,448 |
| TRX | 0.32 | -0.25% | +6.72% | 0.32 | 0.32 | 0.32 | 279,140,448 |
| XLM | 0.15 | +3.52% | -46.81% | 0.14 | 0.15 | 0.14 | 121,604,224 |
| HBAR | 0.07 | +1.74% | -62.48% | 0.07 | 0.07 | 0.07 | 37,147,596 |
| NEAR | 3.74 | +4.37% | +46.85% | 3.58 | 3.80 | 3.56 | 625,131,136 |
| ATOM | 1.42 | +1.25% | -51.91% | 1.40 | 1.44 | 1.39 | 24,177,474 |
| AAVE | 123.77 | +0.24% | -40.36% | 123.48 | 125.25 | 122.22 | 154,910,800 |
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error
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