Mauritius Projects Decrease in Debt, Targeting 60% of GDP Pre-2030

Mauritius’ public sector debt could fall to the pre-pandemic level of 60% of gross domestic product by 2030 as the economy grows and the budget deficit is reined in, Finance Minister Renganaden Padayachy said.

Debt is expected to decline from a revised estimate of 79% for the fiscal year ending this month. Lower debt will provide the government with sufficient financial firepower to face future shocks, Padayachy told reporters at a briefing in Ebene, near the capital of Port Louis.

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