Mauritius : The New Economic Agenda and Fiscal Sustainability
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 pri...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/06/4962025/mauritius-new-economic-agenda-fiscal-sustainability http://hdl.handle.net/10986/15688 |
| Summary: | 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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