The State Budget Proposal (POE) for 2017, published on the DNO2 website, has as its main theme the continuity of more restrictive policies in the management of Public Budget funds, aiming to promote the productive and social sectors.
Despite this perspective, it is clear that for 2017 the Government expects the Mozambican economy to recover, justified by recent projections that indicate a normalization of the price of the main export raw materials3. This would result in a 24% growth in the value-added of the extractive industry sector and hence in Mozambique's macroeconomic conditions.
However, in 2016, the climate of uncertainty became more acute as a result of the revelation of serious cases of lack of transparency in the management of public finances in the form of illegal debts that greatly affected the execution of the General State Budget (SO) 20164. CIP is of the opinion that in 2017 the climate of uncertainty will persist. Therefore, CIP urges the Government to be cautious in its projections, otherwise it will have to readjust them, as happened in 2016 with the State Rectification Budget.
