The increase in public expenditure, resulting from the implementation of the Tabela Salarial Única (TSU; single salary scale), has prevented Mozambique from achieving the performance goals for fiscal indicators as defined by the International Monetary Fund (IMF) in 2022. The non-compliance has put at risk the financing of the second part of the three-year agreement under the Extended Credit Facility program, which allows the disbursement of USD 60.6 million USD.
In addition to the increase in expenditure caused by the implementation of the TSU, the failure to meet the IMF targets was also influenced by the delay in the payment of public debt by a public company.
Due to non-compliance with the targets, the Government of Mozambique had to make a request to the IMF Board of Directors to be released from compliance with performance indicators related to the reduction of the public wage bill and the public debt payment schedule.
