Fiscal Balance in Mozambique

Mozambique Fiscal Balance | Economic News & Forecasts

Mozambique - Fiscal Balance

While still struggling to deal with the impact of Cyclone Idai that struck in late-March, Mozambique was slammed by yet another storm, Cyclone Kenneth, just six weeks later. This has only exacerbated the humanitarian emergency, posing an immense challenge for reconstruction efforts ahead, which are reportedly set to cost around USD 3.2 billion. For their part, the IMF approved emergency financial assistance worth about USD 118 million, while the World Bank announced it will provide USD 350 million to help the government respond to the disaster. On the economic front, activity lost pace, on average, in January–February compared to Q4 2018. This, coupled with tumbling business confidence in March and in light of the damage created by Cyclone Idai that same month, indicates the economy is set for a weak first quarter.

Mozambique - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.7  -10.7  -7.2  -6.2  -     

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Note: General government balance as % of GDP
Source: IMF

Mozambique Facts

ValueChangeDate
Exchange Rate63.850.48 %May 13
Stock Market0.10.0 %May 13

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