Finance Minister Carla Louveira says the country must think hard about handling public debt better in future years. The money owed keeps growing higher, which might soon hurt the national budget. Louveira talked about this problem after meeting with lawmakers recently. She pointed out that plans from 2022 helped manage debt somewhat, but fresh ideas must come next year. The government needs smarter ways to borrow money and pay back what it already owes.
The Minister wants a brand new debt plan ready by 2026 that will work until 2029. She hopes this plan brings much better results than current efforts. Right at present, the government follows steps from the old plan, mainly using certain money tools to pay off existing loans. Louveira promised the next debt plan would include many voices from banks, money experts, and big world groups like the World Bank and International Monetary Fund.
Public debt troubles keep making headlines across the nation these days. The Central Bank warned everyone that inside-country debt problems look worse than before. The total reached 447.2 billion meticais—that means it jumped up by 31.7 billion just since last December. Looking at the whole year shows scary numbers for anyone watching closely. The total debt pile grew nine percent bigger compared with 2023 figures.
The government report "Balance of Economic and Social Plan and State Budget" shows that outside debt increased by 1.4 percent. This small change happened mainly because workers switched to a new computer system for tracking all the money owed. Everyone agrees that something must change fast, or the debt might harm other important programs. The Finance Minister believes that careful planning with help from world experts can fix these money troubles before they become truly dangerous.
Leaders want actions that protect both today's budget needs and tomorrow's growth plans. They aim to find the perfect balance between borrowing just enough without taking on dangerous amounts of debt. Many financial experts have praised the honest talk about these money challenges. The public deserves clear facts about national finances and how much we owe to others. Better debt management means more money stays available for schools, roads, and medical care across every part of Mozambique.
The Minister wants a brand new debt plan ready by 2026 that will work until 2029. She hopes this plan brings much better results than current efforts. Right at present, the government follows steps from the old plan, mainly using certain money tools to pay off existing loans. Louveira promised the next debt plan would include many voices from banks, money experts, and big world groups like the World Bank and International Monetary Fund.
Public debt troubles keep making headlines across the nation these days. The Central Bank warned everyone that inside-country debt problems look worse than before. The total reached 447.2 billion meticais—that means it jumped up by 31.7 billion just since last December. Looking at the whole year shows scary numbers for anyone watching closely. The total debt pile grew nine percent bigger compared with 2023 figures.
The government report "Balance of Economic and Social Plan and State Budget" shows that outside debt increased by 1.4 percent. This small change happened mainly because workers switched to a new computer system for tracking all the money owed. Everyone agrees that something must change fast, or the debt might harm other important programs. The Finance Minister believes that careful planning with help from world experts can fix these money troubles before they become truly dangerous.
Leaders want actions that protect both today's budget needs and tomorrow's growth plans. They aim to find the perfect balance between borrowing just enough without taking on dangerous amounts of debt. Many financial experts have praised the honest talk about these money challenges. The public deserves clear facts about national finances and how much we owe to others. Better debt management means more money stays available for schools, roads, and medical care across every part of Mozambique.
