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Economic & Sector Work :: Public Expenditure Review

Mauritius : The New Economic Agenda and Fiscal Sustainability

AGRICULTURE ALLOCATION OF RESOURCES BANK OF MAURITIUS BENCHMARKS BUDGET MANAGEMENT CAPITAL EXPENDITURES CENTRAL BANK CENTRAL GOVERNMENT CITIZENS CIVIL SERVICE COMPETITIVENESS CURRENT EXPENDITURES DEBT MANAGEMENT DEBT SERVICE DECISION-MAKING DEFICITS DEVELOPMENT POLICIES DEVELOPMENT STRATEGY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ELECTRICITY EXCHANGE RATE EXPENDITURE EXPENDITURE MANAGEMENT EXPENDITURE REFORM EXPENDITURES EXPORTS FINANCIAL SECTOR FINANCIAL SERVICES FISCAL FISCAL DEFICIT FISCAL DEFICITS FISCAL PRESSURE FISCAL SUSTAINABILITY FISCAL YEAR FREE TRADE GDP GLOBAL INTEREST GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT LEVEL GOVERNMENT POLICIES GROWTH RATE HOUSING HOUSING SUBSIDIES INCOME INCOME GROUPS INDUSTRIALIZATION INSTITUTIONAL FRAMEWORK INTEREST RATES INTERNATIONAL ENVIRONMENT LABOR FORCE LIQUIDITY LOAN GUARANTEES MACROECONOMIC STABILITY PARASTATAL SECTOR PARASTATALS PENSIONS PER CAPITA INCOME PRICE CONTROLS PRIVATE SECTOR PRODUCERS PROFITABILITY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE REFORM PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC MANAGEMENT PUBLIC PRIVATE PARTNERSHIPS PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SECTOR WAGES REVENUE REVENUE COLLECTION SAVINGS SOCIAL CAPITAL SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL SECTORS SOCIAL WELFARE SURCHARGES TAX TAX EXEMPTIONS TAX EXPENDITURES TAX INCENTIVES TAX POLICY TAX REVENUES TAXATION TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES UTILITIES WELFARE SYSTEM FISCAL SUSTAINABILITY POLICY DEVELOPMENT PUBLIC FINANCE MANAGEMENT ECONOMIC MANAGEMENT INSTITUTIONAL FRAMEWORK GROSS DOMESTIC PRODUCT POLITICAL STABILITY FISCAL MANAGEMENT PRIVATE SECTOR SUGAR TEXTILES WELFARE CIVIL SERVICE GOVERNMENT EXPENDITURES EXPORT MARKETS INVESTMENTS SOCIAL SECTORS BUDGET MANAGEMENT FISCAL DEFICITS
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Washington, DC
Africa | Mauritius
2013-09-05T21:11:36Z | 2013-09-05T21:11:36Z | 2004-06-30

The new Government of Mauritius drafted the New Economic Agenda (NEA), a five-year reform framework to develop Mauritius into a high-income, high-tech service and knowledge economy. First, the Agenda focuses on improving the environment for the private sector, particularly given the existing challenges to Mauritius' traditional export markets. Second, the Agenda outlines heavy investments in the social sectors in order to improve skills of the working population, better meet the needs of an aging population, and more effectively help the most marginalized in society. Third, the NEA emphasizes steps to alleviate the multiple pressures on Mauritius' fragile environment, stemming from the hotel and textile industry but also from deficient sewerage in private housing. In the Agenda, the Government commits to reducing the overall fiscal deficit to about 3 percent of GDP by the end of its mandate in 2005/6. Further, the program outlines measures to improve budget management by prioritizing expenditures to meet NEA objectives and to gradually eliminate quasi-fiscal activities. The government is committed to undertake the proposed transformation of its public expenditures without endangering the stability of the public sector and the economy.

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