Mozambique Public Debt Grew by 2.7%

May 28, 2025

Mozambique’s public debt stock grew again by 2.7% in the first three months of the year, to over 1.071 billion meticais (€14.7 billion), according to official data.

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According to the calculations of the Ministry of Finance, in absolute terms, the debt grew by almost 28,395 million meticais (2.7%), compared to the fourth quarter of 2024.

Mozambique’s public debt stock grew again by 2.7% in the first three months of the year, to over 1.071 billion meticais (€14.7 billion), according to official data.

According to the Ministry of Finance report on the evolution of public debt in the first quarter, to which Lusa had access today, this is a new increase, after the historic mark of one trillion meticais registered at the end of 2024.

According to the calculations of the Ministry of Finance, in absolute terms, the debt grew by almost 28,395 million meticais (2.7%), compared to the fourth quarter of 2024.

This performance, the report explains, “is essentially due to the increase in domestic debt”, which shot up 8.9% in three months to 443,218 million meticais (€6,093 million), “mainly justified by new debt issues under the Central Bank’s Credit Facility”, 20% of the total stock, and by refinancing Treasury Bill issues.

The public debt stock rose 7.9% from 2023 to 2024, mainly due to the “accelerated growth of domestic debt, resulting from the financing of the Treasury deficit, after the freezing of support for the State Budget by international partners,” the document adds.