What You Can Learn From the Audit Report

In 2014 MT paid Rs671 million as dividends to government. Which means that it paid Rs447 million to FT. That's almost five times the dividend paid by Airports of Mauritius. And close to eight times the one paid by SBM Holdings in the same year. MT dividend paid only Rs221 million in dividends in FY ending June 2016.

One quarter of government revenue came from debt in 2014 -- one fifth by mid-2016. Which explains why the Sithanen toohrooh has gotten so big. As if we needed more proof that the bean-counter has been a financial disaster. Public sector debt (PSD) stood at a quarter trillion rupees at end of June 2015. Two-thirds of the domestic portion of that debt was due by mid 2019. Public Debt Management Act has its own way of computing debt as a share of GDP. PSD increased to Rs275 billion by June 2016. On dit merci qui?

Consolidated Fund has a deficit of Rs52 billion. Hmm, must be the early harvest.

I stopped at page 62 of the report. Here are posts on previous editions. And here's one from Singapore.

Mauritius About To Experience Aha Moment

And we should all thank Ivan Collendavelloo for it. See, since he announced that he wants to sell CWA for some bogus reasons people have spoken out. Starting with Sangeet Fowdar -- an MP from his own party -- who threatened to resign kare kare and provoke a by-election. Folks also wrote against the proposed strategic partnership business and now several union bosses have jumped on the bandwagon.

They are not only finding this idea totally stupid but are also bringing back the partial privatisation of Mauritius Telecom on the front burner. They really want to know how this has benefited Mauritius. That's a valid point because there was no good reason to go with this 2000 deal in the first place. Mauritius Telecom could have instead established a multi-billion rupee bond program back then. Which incidentally would have made our financial markets more sophisticated. And given interesting work to the growing number of our finance professionals.

We got Rs7 billion from France Telecom for 40% of MT but we need to see how much FT has been obtaining since the deal went through. In terms of dividends and other cash-flows sent abroad. And assess the effect on our balance of payments for the past decade and a half. It would also be interesting to find out about all the parties involved in this transaction and how much they got out of the deal. For good governance sake.

Ki Servis Piblik u Truv Korek?

Mwa mo bien kontan (mont bisiklet?) Passport Office. Sa desantralizasyon ek simplifaksyon bann form la finn kontribye pu fer enn ti-mirak: u gagn u paspor andan enn semen. La pos usi finn ameliore buku. Plizier zot kontwar servi sa ti masin elektronik pu imprim enn tem-kolkamani ki fer travay-la al buku pli vit. Enn pake sa bann biro-la usi erkonn. Donk li pa mal agreab al lapos. CEB usi ena bann kontwar ki furni mem nivo servis.

Mauritius Telecom so servis ti kav buku pli bon si nu kontinye kuma avan. Sa servis MyT la dapre lord pa enn cheetah kinn diizign sa. Nu servis ledikasyon piblik dan dife net: 30% zelev CPE pa pase sak lane.

Ale u tur aster. Ki u kontan, ki u pa like?