In 2024, Mozambican tax authorities recovered over 110.7 million meticais and executed nearly 250 seizures. Revenue collection, however, fell short of targets, totaling approximately 344,836 million meticais. The government implemented budget revisions in anticipation of elections amidst social unrest resulting in significant casualties.
In 2024, the Mozambican tax authorities demonstrated significant progress in debt recovery, collecting over 110.7 million meticais (€1.6 million) and executing nearly 250 seizures. According to government data, this reflects an increase in tax debt recovery rates, with 246 seizures amounting to approximately 38,377,600 meticais (€553,000) specifically cited.
Despite these efforts, the overall revenue collected by the Mozambican state in 2024 fell short of targets, totaling around 344,836 million meticais (€5,177 million). This figure represents 89.9% of the projected target, a decline from the 91.8% achievement in 2023, highlighting ongoing fiscal challenges.
The spokesperson for the Council of Ministers, Inocêncio Impissa, acknowledged the numerous adversities faced throughout the year while presenting the Economic and Social Plan and State Budget (PESOE) for 2024. He noted that the state’s total expenditure reached over 493,356 million meticais (€7,403 million), which was 86.9% of the budget, compared to full execution in the previous year.
In response to the political climate and upcoming elections on October 9, the Mozambican government has opted to renew the 2024 State Budget on a twelfths basis. The Ministry of Economy and Finance clarified that budget implementation will adhere to this principle until the approval of the 2025 document.
Since late October of the prior year, Mozambique has endured violent social unrest, with post-election demonstrations escalating into confrontations with police, resulting in at least 357 fatalities and widespread injuries and property damage.
In summary, the Mozambican tax authorities made notable progress in debt recovery during 2024, though overall revenue collection fell short of targets. The government faced considerable challenges, resulting in renewed budget measures in preparation for upcoming elections. Ongoing social unrest highlights the turbulent political landscape affecting economic stability in the country.
Original Source: clubofmozambique.com
