Fiscal Balance in Mozambique

Mozambique Fiscal Balance | Economic News & Forecasts

Mozambique - Fiscal Balance

Incoming data paints a mixed picture for Q3, following relatively mild growth in Q2. Economic activity soared in August on the back of surging turnover in the commerce sector, which will likely bring Q3’s average above that of Q2. However, this came at odds with survey-based data, which showed business confidence tumbling for the fifth consecutive month in September due to firms’ weaker expectations of hiring activity ahead. Meanwhile, on 6 November the government reached a tentative restructuring deal with most holders of its USD 727 million Eurobond, which will extend maturities and secure a portion of future gas revenues. If approved by parliament and two-thirds of creditors, the deal is set to provide significant cash flow relief.

Mozambique - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.7  -11.7  -7.2  -6.2  -     

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Note: General government balance as % of GDP
Source: IMF

Mozambique Facts

Exchange Rate61.630.48 %Dec 11
Stock Market0.10.0 %Dec 11

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