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Tourism sector debts attain Rs56 billion

Published

3 years ago

on

06/10/2021

By

News Moris Team

Tourism sector debts attain Rs56 billion

The tourism sector had debt hitting almost Rs 55.9 billion by the end of August, according to latest figures released by the Bank of Mauritius.

In the document “Bank Loans to Other Nonfinancial Corporations, Households and Other Sectors1, End-August 2021”, the BoM revealed that loans borrowed by other sectors of the economy were:

Real-estate sector : Rs 23.5 billion
Commerce sector: Rs 20.8 billion
Manufacturing sector: Rs 19.6 billion
Construction: Rs 16 billion
Fishing and agricultural: Rs 12 billion

The household debt for Mauritius escalated to Rs 121.3 billion by the end of August.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.