Mozambican public debt grew in the second quarter to 1,146 billion meticals (EUR 15,2 billion), more than 75% of GDP, driven by increased internal debt and central bank financing.
© Lusa
28/09/2026
by
Lusa
In the quarterly Public Debt newsletter for the second quarter of 2026, the Ministry of Finance maintains that the stock of Mozambique’s Public Debt and Guaranteed Debt recorded a nominal increase of USD 153,41 million (EUR 130,1 million) compared to the previous quarter.
This volume increased from USD 17,774.43 million (EUR 15,1 billion) to USD 17,927,84 million (EUR 15,2 billion), corresponding to EUR 1,145,588.51 million and EUR 75.9% of gross domestic product (GDP).
It also states that “the growth of the Central Government’s debt was mostly influenced by the increase in internal debt, which increased by 3% in the period as a result of new issues within the Central Bank’s Credit Facility and by the roll-over of interest on Treasury Bonds”.
Only the debt of the central government reached 1,110,985.56 million metical (14.8 billion) at the end of June, equivalent to 17,386.32 million dollars, corresponding to 73.6% of GDP, says the document.
It adds that the internal debt increased from EUR 529.838.81 million (EUR 7.1 billion) to EUR 545.406.67 million (EUR 7.3 billion), representing already 49.1% of the total central government debt.
The external debt, on the other hand, fell by 0.8% to $8.851 million (EUR 7.5 billion) in the second quarter.
Among the components of the internal debt are the Treasury Bonds, which totalled 201,094.36 million meticals (EUR 2,7 billion) by June, equivalent to 37% of the internal debt stock, and financing to the Bank of Mozambique, which amounted to 159,052.78 million meticals (EUR 2,1 billion).
The increase in domestic debt was also reflected in the debt service, in June of which EUR 133.29 billion (EUR 1.78 billion), of which EUR 120.68 billion (EUR 1.61 billion) corresponds to the depreciation of the capital and EUR 12.60 billion (EUR 168 million) to the payment of interest.
The Ministry of Finance also notes that the increase in the service of internal debt amounted to 22,24 billion meticals (EUR 297 million), or 20% compared to the previous quarter, “decurrent of the rolling of Treasury Tickets, exchange auctions and interest payment of Treasury Obligations”.