Mozambique's government owes suppliers approximately 179.5 million euros from the 2024 financial year, according to Finance Minister Carla Loveira. She informed parliament that additional potential debts exist, incurred by various sectors without proper budget allocation.
Minister Loveira explained that while over 235 million euros had been paid by the third quarter, a significant balance remains. She stated that the Ministry of Finance is creating a strategy to regularize these obligations. This process involves collecting data on debts from 2018 to 2025, followed by verification and a scheduled repayment plan. A portion will be settled through future state budgets, with the rest securitized. Loveira pledged the implement strict measures to prevent sectors from making purchases without budget coverage.
The government also plans to settle over 20 million euros in debts specifically owed to small and medium-sized enterprises. Minister Loveira recently affirmed the government's commitment to gradually and transparently settling its obligations to the private sector.
Minister Loveira explained that while over 235 million euros had been paid by the third quarter, a significant balance remains. She stated that the Ministry of Finance is creating a strategy to regularize these obligations. This process involves collecting data on debts from 2018 to 2025, followed by verification and a scheduled repayment plan. A portion will be settled through future state budgets, with the rest securitized. Loveira pledged the implement strict measures to prevent sectors from making purchases without budget coverage.
The government also plans to settle over 20 million euros in debts specifically owed to small and medium-sized enterprises. Minister Loveira recently affirmed the government's commitment to gradually and transparently settling its obligations to the private sector.
