Credibility of our institutions !

They are robbing our great traditions and institutions of their greatness, of our passion for fairness and impartiality, of our culture of discussion and tolerance, of our respect of our adversaries and our determination to frame policies for greater economic and social equity ...

More damning is that most of our institutions are losing their credibility !

The MT(with its new chatwas), ICTA,ICAC and the Police :

Now with Sherrygate, the cartoon below says everything !

BoM :

And recently, we had the the BoM becoming less open to the availability of information, in violation of its legislation. The monthly statements of BoM’s financial position for end April 22 and May 22 are still to be published. The BoM Act stipulates that this should published “as soon as may be practicable, after the last working day of the month”. The overview of the economy in the BoM Monthly Statistical Bulletin has been cancelled for a few months now, leaving only statistical tables. Currently, there are growing concerns about the true extent the BoM’s foreign currency borrowings, notably through repos, and whether foreign currency deposits that accumulate with the BoM at the end of each quarter do not reflect some window dressing.

And now, MoFED & Statistics Mauritius(SM):

SM : On the Budgetary Central Government - Monthly Statement of Government Operations, July 2021 to June 2022, a) the revised figures for the compensation of employees have been adjusted by some 2 bn for every month, b) the expenses dropped from Rs 14 bn to Rs 7 bn within one month, c) interest, social benefits drop to zero for April 2022….See table below

MoFED: In his forthcoming article “The IMF Road Map”, Sushil highlights the fact that “the IMF Report corrects Govt data for deviations from accepted statistical standards. For instance, receipts from state owned entities (SOEs) of some Rs 8 bn are treated by Govt as non-tax revenue in 21/22, but the IMF Report considers these transfers “as a financing item”, not as revenue. The IMF Report also notes that its “public debt figures are higher than those presented by the authorities”, and does not take into account a consolidation adjustment made by Govt to exclude govt securities held by SOEs, amounting to Rs 12 bn, or 2.4% of GDP, in June 22 “.

The Deputy FS is in charge of these govt data and he has been appointed on the board of MT-on prend les mêmes et on recommence !

Cry , my beloved institutions !