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Ex-Finance Minister claims Mauritius in ‘State of Emergency’

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Ex-Finance Minister claims Mauritius in 'State of Emergency'

“We are in a state of economic emergency, with very serious social implications,” Senior economist and ex-Minister of Finance Rama Sithanen has warned.

He has urged the creation of a “government of national unity” to take quick remedial decisions.

“There is an urgent need to consolidate skills. You have to put the interest of the country before your personal ambitions,” he said.

“So far, instead of taking tough decisions, we have drawn cash from the reserves of the Bank of Mauritius, the State Trading Corporation, among others…. We risk finding ourselves like the Sri Lankans in three to four years,” he warned.

Sithanen made a series of proposals:

  • A grant of Rs 2,500 per month (for 18 months) to 100,000 families with incomes of up to Rs 20,000 per month for the next 18 months
  • increase “allowances” from Rs 20,000 to Rs 25,000 to taxable middle class
  • reduce taxes on petrol and diesel by Rs 6,
  • exercise better control on FX.

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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.