Wednesday, May 11, 2016

State To Squander Billions, Again


The first time was when several billions of rupees of the fruits of our economic diplomacy were gifted to a sunset industry which at the start of the bean-counting reforms in 2005 represented a little over 4% of our economy. 10 years later its weight was four times smaller. Talk about a strategic blunder of epic proportions or is it a monumental skills mismatch? Naturally this was to be followed by sending our savings rate to a 30-year low and severing the link between international oil prices and what Mauritian voters paid to fill up their cars. To name just a few. So yeah, dumb policy-making had made Mauritius a lot more vulnerable and treaty risk a lot larger. Than it ought to have been.

Now another Minister wants to sink billions of a grant received from India -- who has millions to lift out of poverty -- into buildings we don't need partly because he's not happy with the amount of legroom he enjoys in our historic Parliament.

3 comments:

Sanjay Jagatsingh said...

An analysis of why the Heritage City project has been so sloppy.

akagugo said...

And how money doesn't buy any sense of taste...

Sanjay Jagatsingh said...

This guy better compute the IRR of his decisions. Like the one above.