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Mauritius: The public debt explodes

According to the latest figures published by the Ministry of Finance, the public debt of Mauritius has exceeded 250 billion rupees (6.4 billion euros) in June 30, 2015, representing an increase of 22.7 billion rupees (584.6 million euros) in twelve months.
Public debt is thus around 200,000 rupees per capita, representing 63.4% of GDP.
Other bad news, the Central Bank of Mauritius revised downwards its growth forecast for the Mauritian economy in 2015 and expected to reach 3.7%. The official agency Statistics Mauritius has also recently announced a decrease of economic growth for this year counting on 3.8% against 4.1% there a few weeks earlier.


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