Mauritius National Debt Hits Rs 675 Billion as Economic Pressures Mount

The Mauritian national debt has climbed to a staggering Rs 675.4 billion, representing 89.5% of the country’s GDP, according to the latest figures released by the Ministry of Finance.

The data, published on Thursday 30 April, reveals a sharp reversal of a brief downward trend seen late last year.

While the debt-to-GDP ratio had dipped slightly to 89% in December 2025, the opening quarter of 2026 has seen borrowing surge once again.

Fluctuating Figures

The trajectory of the public purse has remained volatile over the last six months:

• September 2025: Rs 654.5 billion
• December 2025: Rs 661 billion (89% of GDP)
• March 2026: Rs 675.4 billion (89.5% of GDP)

Economic Headwinds

Local experts have expressed significant concern regarding these figures.

Dr Chandan Jankee described the public debt as a “major problem” for the national economy.

He warned that the strain on public finances is likely to persist, citing the ongoing conflict in the Middle East and an anticipated slowdown in both domestic investment and growth.

The Road Ahead

All eyes are now on the upcoming National Budget. Dr Jankee noted that the government faces a critical juncture, suggesting the next fiscal announcement must define a “new economic strategy.”

The goal, according to the economist, will be to stimulate growth sufficiently to eventually reduce the widening debt burden.

Source: Defi Media