Mozambique's Council of Ministers approved on Oct. 13 the Economic and Social Plan and State Budget for 2027, which foresees public spending at 511.2 billion meticais ($8 billion, 28% of gross domestic product) and plans to reduce Mozambique's fiscal deficit from 7% of GDP in 2026 to 4.6% in 2027, Club of Mozambique reported on Oct. 14. Key assumptions by the government include a growth rate of 1.6% in 2027, with inflation averaging 7% on the year and public expenditure down 1.8% from 2026.