In his reply to a PQ on the consolidated budget deficit inclusive of
Special Funds, the Minister of Finance has stated figures of -2% in 2011, -1.9%
in 2012 and -4% in 2013. However using the same methodology as applied by the
IMF in the 2011 Public Expenditure And Financial Accountability (PEFA)
Assessment report, the consolidated budget deficit works out to be -2.4 in
2011, -2.2 in 2012 and -4.6% in 2013, more or less the same figures as posted
by Martin Petri in his presentation at the 32nd Monetary Policy Committee
meeting on February 3 of this year. (His
presentation titled “Strengthening the Monetary Transmission Mechanism” is available on the Web site of
the Bank of Mauritius.) We have every reason to believe that our figures which
tally with that of the IMF are correct. (IMF’s: -2.1 % in 2012 and -4.5% in 2013)
Friday, April 11, 2014
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