Budget is dangerous for generations to come – expert

Sudesh Lallchand, PhD in Economics and Finance from Cambridge University (also a former executive at the World Bank) has claimed the 2021/2022 Budget is “dangerous for our economy, the society and the generations to come.”

In an interview with Le Mauricien, Lallchand, who is also a former director of the Financial Services Commission , said the budget “unmasks the amateurism and incompetence of the Minister of Finance and his team.” 

From the outset, he said, the minister painted a picture that looks “very beautiful, satisfying and optimistic” when the reality is quite different. 

“Then he ignores the forecasts of international institutions and predicts an overly optimistic growth rate. Revenue are also inflated. He has presented us with debt levels which are, according to my analyzes, well beyond the real figures.”

Lallchand was senior adviser to ex-Foreign Affairs Minister Nando Bodha. He is currently part of the Economic Commission of the opposition parties – MMM and PMSD.