Monday, August 15, 2016

Estimated Consolidated Budget Deficit in 2016-17 is 4.3% of GDP

The budget deficit for 2016-17 is estimated at 3.3% of GDP.  The IMF has argued, on several occasions, as in its 2011 Staff Report on Mauritius, that the deficit concept used by Government is “not comprehensive, because it excludes spending by special earmarked funds”.  In its 2014 Staff Report, the IMF again recommended “including all extra budgetary funds in the budget to increase fiscal transparency and better measure the fiscal stance”.