Press Version: Budget 2012: Colourable Accounting

     The IMF in its two latest reports on the Mauritian Economy (Public Expenditure and Financial      Accountability (PEFA) Assessment and the 2011 Article IV Consultation—Staff Report) pointed fingers at some of the curious arithmetic in our budget numbers; it noted that the chronic underspending on the capital side was not allowed to flow through to the budget bottom line, resulting in smaller deficits. Government reappropriated the funds and transferred them to a set of special funds.

Budget 2012: Short-term fixes

The IMF in its two latest reports on the Mauritian Economy (Public Expenditure and Financial Accountability Assessment and the 2011 Article IV Consultation -Staff Report) pointed fingers at some of the curious arithmetic in our budget numbers.

Titbits: The private sector “fait son cinema »;The Budget: Effets d’annonce;The PBB, again and again;Integration of Budget and Planning

The private sector “fait son cinema »
Mauritius drops three ranks in the World Bank’s Ease of Doing Business (EoDB) 2012 index and this has suddenly awakened our private sector to the fact that we have been lagging behind on reforms. Now they have something to exhibit for the morosity in domestic and foreign investment. (The assumed positive correlation between the EoDB index and FDI is doubtful; China (91th), India (132th),South Africa(35th) have no dearth of foreign investment.) The private sector lobby is already at work to get rid of the capital gains tax and other taxes introduced by the previous Minster of Finance.