Mauritius’ Revised Fiscal Gap, Debt Shows Deep Budget Hole

The new administration in Mauritius has revised its estimate of the budget-financing gap for a second time, sending the ratio close to three times the initial estimate.

The Finance Ministry now sees the fiscal deficit at more than 9% of gross domestic product for the year that ends in June. That compares with 6.7% of GDP forecast in December and 3.4% in a budget prepared by the previous government.