Mozambique: Dependence on foreign aid declining

Mozambique's dependence on foreign aid is declining, Finance Minister Manuel Chang told the country's parliament, the Assembly of the Republic. Introducing the state budget for 2012, Chang said that only 39.6 per cent of public expenditure will be covered by foreign grants and loans, with 60.4 per cent of the budget met by domestic resources. In the 2011 budget, 44.6 per cent of expenditure was to be covered by foreign aid, and in the 2010 budget the figure was 51.4 per cent.