Mozambique boosts investment budget by 3.6 billion meticais
Government plans to restore flood-damaged infrastructure and public services using LNG revenues.
Mozambique's government will increase its public investment budget by 3.6 billion meticais, allocating priority to repairing infrastructure destroyed by recent floods. The funds will come from a carry-over balance of over 3.5 billion meticais from Liquefied Natural Gas (LNG) revenues held in the Sovereign Wealth Fund's transitional account. This revision aims to strengthen the state's ability to meet urgent population needs and speed up economic and social recovery.
The State's internal resources will now rise to 446.5 billion meticais, with public expenditure increasing to 524.2 billion meticais. Public investment will grow from 100.8 billion to 104.4 billion meticais. Prime Minister Levi stated the additional resources will target roads, bridges, water systems, dikes, irrigation canals, dams, schools, and health facilities in southern provinces like Inhambane, Maputo, Gaza, and Sofala.
These interventions aim to restore public services, stimulate economic activity, particularly in agriculture, and improve road connectivity. Levi emphasized the government's commitment to ensuring natural resource revenues benefit the population directly. The plan seeks to accelerate recovery in affected areas and build national resilience for inclusive, sustainable economic growth.
Why it mattersThe Mozambican government is increasing its investment budget to repair infrastructure damaged by floods, which will affect public services and economic activity in affected provinces.