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Mauritius: 2019/2020 economic growth to be 4.1% (Finance minister)

Tuesday, 11 June 2019 20:55
Mauritius: 2019/2020 economic growth to be 4.1% (Finance minister)

(Ecofin Agency) - Mauritius should record 4.1% growth during the 2019/2020 (July-June) financial year, finance minister Pravind Jugnauth (photo) indicated on June 10, 2019, during the 2019/2020 budget presentation.

The official added that during the said fiscal year, public expenditures should rise from Rs133.8 billion in 2018/2019 to Rs138.6 billion ($3.9 billion).

The budget deficit will remain the same as in the 2018/2019 fiscal year (3.2%), he said.

Dominated by sugar cane production, the textile industry and mass tourism in the past, Mauritius’ economy has been experiencing constant growth thanks to the emergence of new growth sectors like new technology, offshore finance, outsourcing and luxury real estate. It is now a bridge between Africa and Asia. It is also at the top of the list for international firms looking for opportunities in Africa.

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