Thursday, November 5, 2009

Savings Rate Collapses Brutally

It has hit a 30-year low of 12%. How did we drop from an average savings rate of 26.4% between 1990 and 2004 to such a low level? Who's to blame? Bheenick or Sithanen?

15 comments:

Anonymous said...

Don't tell me beancounter has broken another record. He's the best! Let Navinchandra keep him as FM forever. After all, they are both doctors.....in dunno.

Hamlet said...

How dare you question his competence?

This guy has been an economist for 30 years. He can teach the world how to weather any storm but still peut mieux faire!

Bruno said...

Ena deflation Maurice ou koi? Are interests rates negative in Mauritius now? Or is it the purchasing power which fell abruptly and Mauritians cannot afford to save now?

Anonymous said...

I don't understand. They tell us we're the 17th best place to do business in the world and savings fall by that much?

I am starting to doubt the rosy picture that the Finance Minister keeps on putting forward.

Anonymous said...

Suis assez surpris que Sithanen n'a meme pas parler de cette baisse drastique du taux d'epargne.

Si le taux a effectivement baisse par autant je pense que Ramgoolam devrait le dire de partir tout de suite et nommer quelqu'un d'autre a sa place pour venir avec des politiques economique plus raisonnable.

On merite mieux que ca.

Anonymous said...

Really frightening that people are not able to save.

Anonymous said...

C,est faute Beenhick sa!

Anonymous said...

It is not true that the rate of savings has gonen down. If it were Rama would have told us about it.

He practices 'la verite des chiffres'. Always.

Mysteria said...

V'la le resultat de la reforme de Monsieur le sinistre des finances!

Merci Rama. Merci Navin.

lakeminou said...

Kass pe vine bien rare. Fine bizin isse diab par lake pu rembourse loan ler ine empeche deduire ban interet dan formil income tax.

Pravin ine promet pu remet system kuma li ti ete avant ek arret taxer l'interet lor depots. Samem bizin fer. Ti pli korek avant. Mo pu vote pu li dan prosen elections.

kamasutr aaaahhhhh said...

I agree. We have to go back to the initial position.

Anonymous said...

Les dimoune de l'ile moris ine vine bucu pov. Bisin met le responsab dan ene inkibater canard.

Anonymous said...

purchasing power severely hit!
and of course the FM wont mention... is it in his interest? ... esp with elections deriere la porte!!

Any views on the stimulus package distribution?
Infinity BPO Rs90M?? Politik ti copain!!!

Kozémotandé said...

The outrageous persistence of the Government to tax savings is having a boomerang effect and they dare not acknowledge their mistake. The PM has been taken for a ride by his FM.

Sanjay Jagatsingh said...

Enan plisiers problem ek Sithanen:

1. Son inkompetans massif -- ene coin Rs 5 ti pu fer mie ki li
2. So ego -- olier li akspete ki line fer lerer li fine kuver lerer-la ek ene pli gro dal enkor. Ek line fer sa depi Jul 2005
3. So arroganse -- maladie mo mem meyer. Si li ti mwins arrogan, li tia vine fer deba ek li tia petet trouver kuma li p trompe li. Ek tiva evite katastrof dan ki nu pe retrouve nou.

Si sa fine dure ossi lontan c ossi parski ena tro buku zurnalis ki pou ban interet korporatiste ou otre ine swa get lot kote ou bien pa fer zot homework kuma bizin.

Zot non selman ine avale la bwet, mais zot fine avale la ligne ek golet tou ensam. Chapo bas!!!