Lepep Pe Desan Lor Sime Pu Ki Ran So BRP

E aret latak lor so leta providans ki anpes 1/3 Morisyin tom dan lamizer. Ena pagli mami ki alor ki nu system lasante pibilk in krash ti dir resaman ki 18.5 milyar rupi ki nu depanse ladan en fardo mari lur. Anfet si ti bizin depans mem pursantaz GDP ki Sesel e nu ti gayn krwasans 8% ki ti sipoze gayne ek flat tax 15% Sithanen be nu ti bizin depans 93.2 milyar rupi u 5X plis.

Nu mark nu prezans Samdi 11 Ziyet, 13h, Sant Sosial Mari Ren de Lape ki truv anfas Lanbasad de Frans, Por-Lwi.

7 Alternativ A Ras BRP Depi Dan Labus Pansioner

Sanjay Jagatsingh · 7 alternativ a ras BRP depi dan labus pansioner

Morisyin Pe Araze Ek Sanzman Pansion Vieyes

Depi ki Ramgoolam in anonse dan so bidze ki pe repus laz elizibilite pansion vieyes (BRP) par 5 an a 65 an lepep Moris lor santie de ger. E avek rezon. Pe dir nu ki li insutenab parski li reprezant 7.8% GDP e sa sif la pu kontinie ogmante. Seki insutenab se flat tax 15% ki Sithanen ti servi pu frir nu lekonomi apartir 2006 ek benediksion Ramgoolam e ki tu guvernman kin vini apre in garde pli u mwin.

Get sa, Sithanen ti dir nu ki ti pu gayn 8% krwasans an mwayen ek so pwazon me anfet nu pan gayn mem lamwatie sa to la lor dernie 19 an – nun gayn zis 3.4% e sa fin koz en mank a gayne de Rs1,200 milyar rupi dan lakes guvernman a lafin 2024. Si nu ti gayn 8% BRP an 2024 ti pu vo zis 3.4% GDP. 5.7% si nu ti gayn krwasans mwayen ki nun gayne depi lindepandans ziska 2005. Dan tiart lao nu montre usi so pwa pu de lot to krwasans.

Seki pli komik ladan se telman flat tax 15% Sithanen fin andomaz nu lekonomi ek nu pei ki Ramgoolam in ogmant to ki ban gro saler peye selman pu trwa an. Apre trwa an ki arive, nu rekumans frir lekonomi e nu re koste ek stati diunk de Moody's?

Solision la li sinp, li gard "fair-share contribution" pu tultan, li elimin ban depans siperfli kuma ranz ankor sime (fin ranz 1,035km sime ant 2006 ek 2022 donk bizin met en poze ar sa) e li inplemant ban bon politik. De tut le fason pena sa ni dan manifest elektoral ni dan program guvernmantal e si li anvi fer sa li bizin swa organiz en referandum u disut parlman pu diman elekter permision.

Resources To Understand The 2025 Budget

How Sithanen was manipulating his budget numbers between 2005 and 2010.

The eternal joke of little room to manoeuvre. Interview to Jimmy Jean-Louis on Pravind Jugnauth's first budget after GE2010.

Why Sithanen budgets became non-events.

The sharpest report on Mauritius in a long time.

First Lutchmeenaraidoo budget in 25 years.

The situation just before Covid-19.

Understanding budget numbers in 2013.

Why Sithanen policies have been an abject failure.

Fact-checking important things.

A downloadable gem to understand Mauritius thoroughly.

How bad has been the war in Ukraine for Mauritius?

Putting the Ukrainian Crisis in Perspective

The Sharpest Report on Mauritius in A Long Time

The Mauritian economy contracted by 15% in 2020 and the virus giving COVID-19 has been mutating. This calls for a solid policy response. To do that you need to get your facts right. My August 2020 analyst report on the 2020/21 Budget does precisely this by providing crucial insights based on independent research and analysis. If you liked Kozelidir you will love it. Here’s a brochure of the 28-page report.

Flat Tax to Cause Rs78bn Hole in Treasury This Year

Because we’re definitely not getting the 8% growth rate promised to justify maintaining the destructive 15% uniform rate. Which would explain why we’ve hit a new low in the exercise of our sovereignty. And things will get worse every year with the shortfall rapidly rising to Rs136bn by the time we vote again in 2024. This means a cumulative shortfall of Rs528bn for the next five years bringing the total since this folly started in 2006 to Rs882bn. 

This leaves very little time for Mr. Padayachy, the new Finance Minister, to bring back our public finances on a more sustainable track. A new budget this month would help prevent his political career from going into free fall. 

Dis Top Zur Pu Prezant Bidze

No. 10. Uvertir kup di mond

No. 9. Dimans Pak

No 8. Maha Sivaratri

No. 7. La Nwel

No. 6. Fet de mor

No. 5. Divali

No 4. Zur kot ena deliz

No 3. Le 31 Desam

No 2. Zur kot ena siklonn klas kat

Ek pli top zur pu prezant bidze se

No 1. Le 12 Mars

PJ Increases Top Tax Rates By 5%

In his budget yesterday. Along with a negative income tax (para. 280) of up to a thousand rupees. These should mitigate the growth of the Sithanen Toohrooh and could help reduce inequality. Not a bad start but it won't be enough. The establishment of a National Investment Authority (para. 321) is a good idea to optimise returns of the NPF/NSF and other parastatals and to provide much-needed opportunities for local finance professionals to put their skill set to contribution. It might even improve pension fund governance.

The big negatives include the extension of 8-year contracts to foreign labour in more sectors of the economy (p38). You don't want to do this when the economy -- broken by Dr. Calamity -- is not creating any jobs. At least not before you have a good look at pay ratios and remember that there's so much of unemployment and underemployment here. I didn't see -- haven't really read the budget yet -- anything to freeze the growth of the pool of vehicles. Not too sure you want to give all these fiscal exemptions. For example, is the minuscule tax rate for exporting companies going to apply irrespective of their size? After the rubbish of 'competitive depreciation'? Does the CMT need that?

Hopefully there will be some big improvements in these plans before the Finance Act is passed. Like scrapping the Metro Express project. And a massive reduction of nonsense.

What Will Municipal Voters Do?

Vote for the MMM because Lepep ended up with about 10 MPs more than what was necessary? Or stick with Lepep based on what they've achieved in the first five months of their mandate? The plus points are mostly the increase in pension payments and fully subsidising the SC/HSC exams. The appointment of Ms. Fakim as head of state is definitely a history-making event but that doesn't really change the lot of the victims of the neocons.

The main negatives are the significant depreciation of our rupee while the BOM supposedly waited for the budget to set the tone, the joke of the Finance Minister claiming that his bland budget was a no-tax one, not passing on the collapse of oil prices and of course the BAI affair. The latter has embroiled Government into a thick cloud of confusion and suspicion that is not going away any time soon. Indeed the BAI saga is so far looking more like a political vendetta than a ponzi scheme. That's especially evident when you consider the kind of help our Governments have dished out to hubris-infected companies in the past. There have also been surprising statements by the President of the Bar Council and many are not happy with how the biometric ID project has evolved.

We'll find out on Monday how voters weighed the facts.

IMF Doesn't Trust Own Currency Valuations

As has been reported by the institution's Independent Evaluation Group (IEG) before. So if the currency models of the IMF have been found wanting I don't see how the Minister of Finance can use them to justify the sneaky double-digit depreciation orchestrated by the BoM. Here's a backgrounder to see clearer.

First Vishnu Budget in 25 Years Now Available

Given that it was supposed to be a 75-minute budget I listened to most of it. It's a lot more pleasant than those that were presented between 2005 and 2010. There are a number of interesting things like gaming houses leaving city centres and the ban of plastic bags. Which has been in force for over nine months in Rodrigues. And they have increased their lead having recently announced the sorting of garbage like some countries do. Promising to implement the report which looked at making banking practices fairer is also not a bad idea.

Of course it's not a no-tax budget. Government has already quietly depreciated our rupee -- 12.8% as of today's speech -- and kept petrol prices higher than they ought to have been. The steady depreciation will make sure that Mauritius doesn't benefit from the collapse in oil prices. Again.

There are also other problems with this budget. Like inequality is likely to persist. More on this later.

What did you think?

Still Think Ramgoolam is Not Made For Politics?

Or you might be in the mood for that dumb fairy tale that his dad had said he should never dab into politics. The way he's been controlling the local political chessboard for the past 10 or so years should be ample proof that he simply has no match for now. It's not that he's invincible. Rather his opponents are painfully too weak.

Granted the PM has matured quite a bit: he's been understanding the importance of monetary policy for a while now; foreign policy has become more skillful (the opposition simply cannot deliver this kind of performance) and the toxic bean-counting duet has been neutered. Yet, he still doesn't have a legacy that will not be sneezed at. After three terms.

That could change in a few weeks when he presents his first -- and much awaited -- budget.

2013: The Year in Review (Q3)

July: The book Steve Jobs read once every year. How high should top tax rates be? Bus conductor sues CNT for Rs15 million. Rezistans should ponder over alternatives.

August: How Robin Sharma beats laziness. Michio Kaku on civilisation paths. Civil service hostage of Finance Ministry.

September: Terminal 3 launched to a difficult crowd. Harbour bridge project should be scrapped. Ballmer finds quick way to make a billion: resigning from Microsoft. Inpe zafer ki totalman inprevizib. Wanted: new devil's advocate. Understanding our recent budget deficit numbers. Indian cinema turns 100. Better income distribution is route to shorter workweek.

Read the review for Q1, Q2 and Q4.

Budget 2014: What Do You Think?

Here are summaries prepared by defi and l'express.

How did you find it?

Understanding Our Recent Budget Deficit Numbers

Did you notice that the bean-counters are crying on every roof that our budget deficit is under control at 1.8%? Presenting it as a proof that the so-called reforms have worked. It's quite easy to disagree with that.

Remember that the silliest idea of the reforms was to slash tax rates by half promising that we will grow faster. We know our economy didn't clip the required higher growth rates. In fact the reforms have ushered in a string of persistently low growth rates. So the small deficit numbers didn't come from better growth rates. We know it did not come from reducing wastage either: we just need to read the audit reports to strike this one out. So where did these low deficit numbers come from?

Well that's easy. By not spending budgeted funds and other essential monies that prevent the country from going to the dogs. And by doing other stupid things like keeping oil pump prices at unreal levels so as to pocket billions more in VAT and making us pay for a strange multi-billion-rupee hedging loss at the STC that seemed to get bigger as the toxic bean-counters got craftier.

Think of it this way: for many years hyenas have been trying to make an easy-going tiger run faster but instead of cutting the fat they’ve been taking out the muscles of Panthera Tigris. For personal consumption. And unsurprisingly this has badly crippled the big cat.

Pourquoi Ne Pas Echanger Lutchmeenaraidoo contre Sithanen?

Hard-earned Anti-inflation Credibility At Risk

According to Governor Bheenick as inflation is expected to rise to around 6% by next year. And that's before the ridiculous 3.5% annual depreciation assumed in the recently presented budget. The soundbite also contains interesting insights into how the BOM tried to neutralise the increase in volatility in the forex markets caused by the irresponsible intervention of the National Resilience Fund -- which previously appeared as the Business Growth Fund.

Talk about a resilience fund, eh? It attacks our currency which makes 99% of us poorer. The pompous name is to try to fool us into believing that the extreme trickle-economics implemented since 2005 has worked. It has not.

We know that just by looking at the tax rates and growth rates over the last seven years.

Souhaitons Que Le Stimulus Package N'entraine Aucun Abus

Education Spending Not Alone in Falling Behind Inflation

So we learned today from the DPM. Expenditure on major pipe replacements for the past five years have been as follows: 2005/06: Rs225 million; 2006/07: Rs200 million; 2007/08: Rs160 million and 2008/09: Rs150 million; and Rs210 million in 2010. But Rs400 million have been spent in 2011.

The only two things that seemed to have kept up with rising prices are the crappy working paper industry and the attention given to crappy bean-counting indices.