Budget 2013 : Thinking Small

It is unanimously acknowledged among economic analysts that  lacklustre Budget 2013 is devoid of a credible path of reform and the building blocks for realising a better future. We have been served the same recipe once more- the ones that have not offered a more cohesive explanation for the problems or any real solutions.  A coherent, credible and holistic plan for the long-term economic growth rate of the country is absent despite all the built up on the 10-year Economic and Social Transformation Plan (ESTP).

Titbits: Revving up economic growth; Budget 2013: A better use of Special Funds ; Indian Diaspora - Doing business together .

 Revving up economic growth

The latest forecast by some economic analysts of the real growth rate of the Mauritian economy settling down to a slow pace of 3.0 %  for 2012 points to a gradual collapse in our growth performance. It is lower than the 3.4 % posted by the Ministry of Finance which seems to have lost some credibility as their growth predictions have continued falling way off the actual figures. But the Mauritian growth has been going off track as its small open economy is being uncoomfotably exposed to the global meltdown. On 9 October, the IMF released its World Economic Outlook which painted a gloomy picture of the global economy.