An audit by Mozambique’s Administrative Tribunal has identified significant discrepancies in the government's 2024 financial accounts, undermining their credibility. The tribunal reported that the accounts were prepared outside the official electronic finance system, compromising data integrity and allowing for potential manipulation. This finding led the tribunal to issue a review with reservations.
The audit further revealed that the state failed to report on revenue allocations meant for local communities from forestry and wildlife taxes. It also cited weak coordination in monitoring gas and mining activities, resulting in lost tax revenue. Public debt increased by seven percent to over 1.043 trillion meticais. Revenue collection fell short of its target, achieving only 91.3 percent. Mega-projects contributed 37.7 billion meticais, with the energy sector accounting for the largest share.
Despite opposition parties rejecting the accounts based on these findings, the ruling Frelimo party is expected to use its majority to approve them in parliament.
The audit further revealed that the state failed to report on revenue allocations meant for local communities from forestry and wildlife taxes. It also cited weak coordination in monitoring gas and mining activities, resulting in lost tax revenue. Public debt increased by seven percent to over 1.043 trillion meticais. Revenue collection fell short of its target, achieving only 91.3 percent. Mega-projects contributed 37.7 billion meticais, with the energy sector accounting for the largest share.
Despite opposition parties rejecting the accounts based on these findings, the ruling Frelimo party is expected to use its majority to approve them in parliament.
