With respect to the robust growth trajectory that Sithanen's flat tax was supposed to place our economy on. The shortfall was about Rs5 billion in 2006 but has been growing exponentially because we managed only a 4% average growth over the last decade. Add all the shortfalls -- shown in red in the above chart -- together and you get Rs927 billion. That's greater than our GDP for 2006, 2007 and 2008 lumped together by almost Rs200 billion. Or a little more than three times our 2010 domestic production. The cumulative shortfall at the end of 2016 will likely be a tiny bit larger because the growth forecast has been revised downwards.
Of course a smaller but still gigantic toohrooh has helped eject Ramgoolam from power and Parliament in 2014. By the end of this year it would have grown by 72%. A meaner beast that Pravind Jugnauth must absolutely tame tomorrow to avoid political mayhem in a couple of years. At most.
6 comments:
Minute! Neuf cent vingt-sept milliards? Purée! Combien de devlopma on aurait pu faire avec? Restons positifs, et voyons voir.
Il ne nous reste que ça, en fait...
Bon sa se dapre krwasans 8% kinn zistifye flat tax. Aster nu kav get GDP shortfall si li pa ti fann so gro dal ek nu ti kontinye avanse a 5.5% par lane ek nu system progresif.
Nu get sa biento.
255 milyar si nu ti kontinye avanse a 5.5% ek nu system taksasyon progresif. Ki tu a fe posib etan done kantite plas ki nu dan fatak. Asterla mazinn enn ti kut si bann tax holiday pu bann proze imobliye ki fek done la fer sans kan guvernman pena kas ek pe bizin al rod kas deor.
Ein lir enn ti ku ki enn FS ti pe dir 5 an de sela.
Wadire flat tax pann ase kul moris. Ramgoolam pe promet bann madam enn to 13% si li revini.
Check the title of this article. And then check this.
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