MOZAMBIQUE TO BEGIN PAYING ITS SUPPLIERS THIS WEEK, SAYS P.M.

LICHINGA, MOZAMBIQUE– Mozambican Prime Minister Carlos Agostinho do Rosario says the the government will begin making payments owed to to companies and contractors which have provided the State with goods and services from this week.

He disclosed this when speaking in Lichinga, the capital of the northern province of Niassa, at a function with business people of the city over the weekend. The long delays in the government paying companies for goods and services provided has long been a sore point in relations between the government and the private sector.

Today, I am announcing the start next week of a programme to pay the debts the State has with its suppliers. After a very difficult moment, we can now gradually undertake a programme to eliminate the debt to suppliers, he added.

He said suppliers owed up to a million US dollars would have the money deposited in their accounts. Those owed large sums will receive titles for the amounts owing.

As at March, the State’s debt to private companies was estimated at 2.7 billion meticais (about 45 million US dollars).

Rosario also guaranteed that the government would work with businesses to design fiscal reforms. The new rules, he added, should ensure that audits would have more of an educational than a punitive role. Fines don’t solve things. The audits will be held in the first place from a perspective of education.”

The Prime Minister was convinced that in the next few years the country’s economic growth will be extremely good, particularly in agriculture, energy and hydrocarbons.

Source: NAM NEWS NETWORK