The Bank of Mozambique says the country’s public debt to gross domestic product (GDP) ratio worsened in the first half of the year, moving from the previous “high risk” level to “severe risk” in June.
“This change was influenced by an increase in total debt of approximately 2%, in particular the domestic component, which increased by approximately 10%, although the external component recorded a decrease of approximately 2%. On a year-on-year basis, the public debt-to-GDP ratio remained at a serious risk level,” the Bank of Mozambique said in its Financial Stability Bulletin for the first half of the year.
Thus, he adds, the government debt-to-GDP ratio “deteriorated and moved from a high risk level in December 2022 to a severe risk level in June 2023.”
Author: Lusa
Source: CM Jornal
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