The budget execution data from January to June, accessible today, reveals a 44.5% achievement of the annual forecast for 12 months, despite year-over-year growth.
The document attributes this increase to a nominal 10.3% rise in IRPS collection, an income tax paid by workers, considering the payment in February of this year of the 13th salary and overtime to teachers and health personnel.
Additionally, growth in IRPC collection, related to company income taxation, indicates some profitability for companies in the 2024 fiscal year, despite “adverse factors” referencing post-election unrest in Mozambique.
The document also notes a significant increase in non-tax revenues, highlighting the exploitation of public domain assets, property, sales of goods and services, and capital revenues during the same period.
“Although revenue showed slight growth, certain factors contributed negatively to not meeting the period’s target,” the report states, citing the “impact of VAT adjustment notes issued by mining sector companies on tax collection” as an example.
The “prevailing negative impact of post-electoral demonstrations leading to a drop in imports in the first half of 2025, coupled with the issue of currency shortages in the national financial system” is another recognized reason, along with the “reduction of deliveries of the Specific Consumption Tax on national production due to economic conditions and tax benefits” in this sector, “linked to the reduction of national tobacco production with the company’s BAT exit to South Africa.”
