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.

Eski BRP Iniversel A 60 An Sutenab?

Wi. Kuma tiart la montre nu mem si nu kontinie gayn sa to krwasans fatra mwayin de 3.3% ki nun gayne ant 2006 ek 2024 lor prosin 10 an pwa BRP dan lekonomi (GDP) pu bese de 7.8% a 7%. Nun fer lipotez ki to linflasion prosin 10 an pu an mwayen seki li fin ete ant 2001 ek 2024. Aster si nu gayn 5.1% de krwasans mwayen be BRP pu reprezant selman 5.9% GDP. 4.5% si mwayen krwasans GDP la vin 8%.

Donk tre sutenab. Selman sa de dernie bidze inbesil kin prezante la pu kontinie diminie nu to krwasans parski li kontinie asfixie lekonomi parey kuma tu ban bidze depi 2006. Ramgoolam ankor ena letan pu amen ban sanzman ki bizin dan finance bill pu bidze 2026/27.

Dawnlod Nu Liv Gratis Pu Konpran En Ta Zafer Mari Vit

Pu kumanse par palab ki pe fer depi 12 mwa lor kifer in kokin pansion vieyes. Apre, pu ki rezon system lasante piblik in krash. Nu osi met diyl Sagos dan perspektiv ki bizin. Ena osi en sapit lor reform elektoral. Antu 10 sapit pu met en ta linformasion dan lame sitwayin pu relev deba dan pei. En ta lekol kuyon pu ferme la. Nek gete u.

Meyer version (miltimedia) se lor u laparey Apple.

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State of Economy Pan Fer Nu Vin Mwins Kuyon

Nu ti deza kone ki striktir taxasion insutenab ki ti kumanse ek flat tax 15% Sithanen an 2006 in kaziman rwin nu pei. Par kont SoE in rod fer kwar ki problem in leve selman dernie 10 an. Ki fos. E ban azisteman ki SoE in fer pu GDP ase insinifian (0.16% de diferans pu 2022) par rapor a katastrof kot Moris retruv li depi 20 an.

Kuma tiart la montre nu, pu 2022, GDP diferan par mwins ki 1 milyar rupi. 1 milyar rupi se buku larzan me lor 571.2 milyar pa sa kantite la. Me kestion ki bizin poze se komie GDP ti bizin ete an 2022 dapre prozeksion 8% krwasans Sithanen ler li ti met so flat tax. Ler nu fer en ti kalkil nu truve ki GDP ti bizin 1,254 milyar u 2.2X nivo dan SoE (en diferans Rs683.7 milyar). Pu 2023, GDP selon SoE ti plis ki 21 milyar rupi pli tipti ki sif ofisiel (3.26% de diferans) ki ase konsekan me konparativman a 1,442 milyar ki GDP (2.25X pli gro ki sif SoE u en mank a gayne de Rs800.7 milyar) ti bizin ete selon previzion Sithanen u mirak ekonomik mem sa 21 milyar la ase tipti.

Pu 2024, koreksion GDP SoE ankor pli eleve, Rs36.3 milyar (preske 5%), me lekar ek previzion GDP pu flat tax 15% ankor pli gran, Rs915.5 milyar u 2.31X sif SoE. Me sa SoE pan dir nu.

Kuma 20 An Unfair Share Contribution Fin Rwin Moris

Li sinp. Ler ti met flat tax 15% Sithanen an 2006 ti sipoze gayn krwasans 8% ar sa (ti gayn krwasans mwayin de 5.1% ant 1968 ek 2005) be kuma tiart la montre nu dernie 4 guvernman zame in resi ariv pre ek sa target la. Nun pas apepre de 5% pu promie guvernman, a 3.8% pu deziem, 3.6% pu trwaziem e 1.7% pu katriem. Sel lane nu fin gayn en krwasans 8% u plis se an 2022 lawsi se akoz lekonomi ti kontrakte par preske 15% an 2020 ek Kovid. Padayachy pran trwa dernie lane so manda e dir nu lekonomi ti an bum, ki en fason rigolo interpret ban sif. StatMu pe prevwar en krwasans 3.1% pu 2025 e sa pa ti pu diferan mem si pa tiena sanzman rezim.

Sa tiart la montre osi ki krwasans pandan 2em e 3em guvernman ti mwins ki lamwatie target donk pa kav blam Kovid pu sa. Overol ant 2006 ek 2024 krwasans mwayin fin selman 3.3% e sa explike kifer nu sosiete pe kontinie dezintegre a vites gran V. Byinsir ban nanti fin byin profite e la pe rod fer grand mazorite Morisyin pey pu sa katastrof la e zot pe fer sa par atak nu leta providans. Ban latak la pu kontinie e vin pli frekan parski en striktir taksasion tro ba e insutenab se en pwazon.

Anu Mizir Latak Zeneralize Lor Leta Providans

Pu fer sa nu kumans par estim komie GDP manke depi 2005 par rapor a target krwasans 8% ki Sithanen ti dir nu pu gayne ek so flat tax 15%. Ant 2006 ek 2024 fin mank 6,176 milyar rupi GDP (lamone 2024). Anu get depans guvernmantal pu ledikasion. Dan bidze 2025/26 sa depans la reprezant 3% GDP. Sa ve dir ant 2006 ek 2024 nun depans 185 milyar rupi an mwins (3% x 6,176 milyar). Eski 3% sifizan? Sesel depans 4.3%. Si nu ti depans kuma Sesel be nun depans 266 milyar rupi an mwins lor sa period 19 an la.

Pu lasante mank 154 milyar rupi e se akoz sa mem ki system la fin mari deteriore. Sesel depans 2X plis ki nu e si nu ti fer kuma zot be mank 309 milyar rupi de depans dan nu system lasante piblik lor period ki nu pe konsidere.

O total 1,235 milyar rupi anplis ti bizin rant dan lakes guvernman ziska lafin 2024 si reveni guvernman reprezant 20% GDP. Pu 2025/26 li reprezant 30%. Ek sa rasio la be 1,853 milyar rupi anplis ti bizin rant dan lakes la.

Nun usi azut ban kolon pu trwa lezot krwasans mwayin, 7%, 6% ek 5.1% (nu to krwasans mwayin ant 1968 ek 2005). Mem a 5.1% 487 milyar rupi anplis ti bizin rant dan lakes guvernman.

Byinsir ler li rant dan lakes la en parti ti kav met dan en Sovereign Wealth Fund (SWF). Si nu ti investi 50% ban kas ki ti bizin rant dan lakes leta (1,835 milyar) dan sa SWF la a 8% zordi li ti pu vo 1,116 milyar rupi. Ki ti en zafer ase normal pu en pei ek otan dimun malin kuma Moris.

Why Recall Elections Are Seriously Overdue in Mauritius

Putting the Ukrainian Crisis in Perspective

Mauritius To Fully Reopen Borders At the Worst Possible Time

October 1 is not looking good. We’ve recently recorded some of the fastest growths in Covid cases in the world that has placed us on CDC’s list of very high infection risk. Deaths have also reached record levels and there is a very wide consensus that authorities are heavily underreporting them – less than half of the 160 covid deaths have been attributed to the virus including only 9% of the 11 people who died with the virus in the last three days. 

The ambient denial can be explained by the fact that the trickle-down economics pursued over the past fifteen years have delivered an economy that’s less than half the one expected. While the vaccination rate is above 60% it will not be enough to prevent the situation from worsening especially when we hear the reply of the President of the union of workers of the Ministry of Health when asked whether a patient is safe when she goes to hospital these days: “I’d rather not answer.”

Mauritius Should Showcase the Sithanen Flat Tax Hell

We should make sure all 50-odd African countries are in attendance along with two university buddies. Then bring up the above table on the screen while a fresh round of gato-pima is served. And explain that by the end of last year Mauritius had about Rs1,800 billion of GDP missing compared to what the 8% growth the flat tax was supposed to generate – that’s 36 times how much GDP is roughly expected to fall this year from where it was at the end of 2019. If we assume a very conservative 20% cut for government revenue and the monies are left in a drawer (they are not reinvested) then there is more than Rs350bn of government revenue missing. This could have been placed in a sovereign wealth fund (SWF) that would have easily got us over the bump in the road that the pandemic is now creating. 

But we should have increased the share of government revenue to the OECD average of 35% as our population has been aging since 2005, to improve our welfare state and to bring back retirement age to 55 years so we mitigate our serious brain-drain problem. This would have boosted the SWF to Rs623bn. Even if we had grown at 6.5% over the past fourteen years there would have been between 195bn to 342bn rupees available to prepare us for any tough situation. Why is 5% in the table? It’s our average growth for the fourteen years – a period of progressive and sustainable taxation – before Sithanen started screwing up the economy and Mauritius big time. So even in this worst case scenario there would have been Rs58bn-Rs101bn of extra government revenue available for a bad year like 2020. Without compromising the independence of the BoM, destroying our savings culture and sending our rupee into a tailspin. 

Minister Padayachy has increased personal top tax rates to 40%. He had little choice. We don’t want to have a massive social crisis. 

Why Our Government Hasn’t Been Functioning Properly

Three words. Sithanen flat tax. As it never produced the higher growth rates (8%) our central government has been piling up so much debt – increasing from a total of Rs106bn to Rs278bn between 2005 and 2018 – that it had to resort to creative accounting, push up the debt ceiling several times and has failed to solve many national problems. The USD has also appreciated by one-third against our rupee over the past 15 years. Not a good sign. Definitely not what you’d expect from a Tiger. But pandemics have such a way of bringing back sanity. 

Padayachy’s Obsession With Doing Business Could Prove to Be Politically Fatal

I mean Sithanen slashed top tax rates to get 8% growth and introduced the Doing Business Index (DB) as some kind of economic holy grail. When we never got the higher growth rates he told us it’s the fault of the Great Recession but they’d be on their way as soon as it ends. That downturn ended almost eleven years ago but still no trace of the 8% growth. In the meantime we’ve been bombarded with useful idiots presenting 3% growth as good. Even if it’s less than half the promised target while the country has been falling apart.

And Padayachy doesn’t talk about the 8% growth required to keep the regressive tax rates at all. He instead shifts our attention to the DB rankings trying to convince us that they are so important that we should aim at a top ten spot – we’re currently at the 13th place – and even a top five position. That would make sense if changes in the DB index were strongly correlated with growth. But as the chart shows they are not. At all. At least for us.

Now that the pandemic is here we’re all seeing how vulnerable the flat tax has made us and how close to bankruptcy our country is. 

Another Reason Why Doing Business is Wrong Target For Mauritius

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.