Showing posts with label IPP. Show all posts
Showing posts with label IPP. Show all posts

Friday, September 18, 2026

Download Citizen Concerns For Free And Understand Plenty Fast


Citizen concerns is the English version of Preokipasion Sitwayin, a book which I published last June and made available for free to drastically improve the level of debate in Mauritius. The best version is for the iPhone and other Apple devices but there's also a pdf version for all other phones and computers.

Enjoy the read and let us know how you found it.

Wednesday, June 24, 2026

Prayag Statements That Don't Survive A Fact-Check

 1. A budget is a country's moment of truth where illusions meet numbers (2026). Nope. The budget is a series of announcements some of which may not find their way into the Finance Act and fewer still implemented. There can also be a fair amount of creative accounting as we have seen in several of the budgets of the past 20 years. 

2. This year's budget more than ever will be a showdown between the reality of numbers and past practices (2026). The economic model of the recent decade of MSM rule is the same model implemented between 2006 and 2014 when Navin was at the helm.

3. This year's budget will say clearly what Mauritius can still afford, what it cannot finance anymore and what must be corrected before it's too late (2026). No guarantee about this as in last year's budget the BRP was deemed unsustainable but the government was planning 14 billion rupees into the construction of new roads when we already have way too many. It also didn't highlight the fact that the 15% flat tax and other unsustainable tax structures never delivered the 8% growth promise. And government didn't update the population on the renewal of the abusive IPP contracts.

4. For too long government has overspent with little regard to economic prudence (2026). The main problem of the last 20 years is the implementation of a low and for the most part flat tax structure which has basically ruined Mauritius. The economy is about 2.5X smaller than what the low tax structure was supposed to generate. It was not either exactly prudent to kill our savings culture so as to finance an unsustainable tax structure.

5. The cost of overspending has never been presented (2026). Since 2006 we've constantly updated the population on how they were being taking for a ride and how the unsustainable tax structure was ruining Mauritius. All of this was backed by numbers. For instance between 2006 and 2024 there has been a GDP shortfall of more than 6 trillion rupees.

6. The impact of overspending by government can be seen in the debt/GDP ratio, deficits and depreciation of the rupee (2026). For one the GDP is 2.5X smaller as expected so we need to take all ratios that use it with a big grain of salt. Budget deficits are also due to a drastically smaller economy. Trade deficits are the results of several terribly bad policy decisions. One such decision are the abusive IPP contracts that have pulled Mauritius down for more than 20 years.

7. We need to distinguish between blind austerity and budgetary responsabilty (2026). At the beginning of his toxic reforms Sithanen said that we need to make two years of sacrifice and then we'll be ok. Killing our savings culture is not what you would call a sacrifice. It's rather sheer economic suicide unless you're aware of an economy that thrives after its savings culture has been assassinated. As a matter of fact last year's budget was precisely that: blind austerity. You steal the pension of our old folks but at the same time you announce that you'll spend 14 billion rupees in the new roads. And you keep mum about the renewal of three abusive contracts but during 2025 you disconnect 21,000 subscribers from the CEB grid.

8. It's not about to abandon the most vulnerable or to destroy the welfare state (2026). This is precisely what has been going on since 2006. For a start have a look at how national income was distributed across the population for the five years which ended in 2012. And it looks as if you haven't heard what Jyoti Jeetun has been saying for a while. Namely that our public health system is a very heavy burden and that solutions will need to be found.

9. A state that spends without counting will end up not being able to help the most vulnerable (2026). The problem with the Mauritian state is that it embarked on a ruinous path since 2006 and this has caused some astronomical underspending including on our welfare state.

10. The next budget is going to be difficult but governing is not about buying social peace with public money (2026). Social peace is a top priority and all governments buy it with public money because having people rioting in the streets is not conducive to economic growth. Ask countries in the Middle East after the Arab Spring. Surely public money should not be spent paying a 35% return to IPPs that don't take any risks.

Tuesday, June 23, 2026

Jeetun Statements That Don't Survive A Fact-Check

 1. BRP is unsustainable because it represents 25% of the budget (2026). Whilst it's true that the BRP has been used as an electoral weapon in at least three general elections one must not forget that the economy is about 2.5X smaller than what the 15% flat tax and other unsustainable tax structures since 2006 were supposed to generate. So if we divide by 2.5 we get roughly a very manageable 10% which going forward will even decrease with an average management of the economy.

2. Our free public health system is a very heavy burden for the state so that we'll need to find solutions in the future (2026). Our public health system has for all intents and purposes crashed. Rs18.5 billion was set aside for it in the 2025/26 budget which represents only 2.3% of GDP. Seychelles budgeted 5% of GDP for the same item. Do the math. Don't forget that our economy is 2.5X smaller than what Sithanen had forecasted.


3. BRP targeting is almost inevitable otherwise there will come a time when there will be no money to pay any BRP to anyone (2026). Navin Ramgoolam has used the same argument which we've debunked again recently in Preokipasion Sitwayin.

4. Is this why I have joined politics and how will I look pensioners in their eyes (2026)? How did it go last year when people who were going to turn 60 did not get their BRP? You should also look in their eyes and explain to them why you think a crashing public health system is a very heavy burden.

5. It's a budget that sets the stage for growth (2026). Nope. We're going to be stuck in what for Mauritius are very low growth rates as abusive IPP contracts are likely not to have been renewed at reasonable terms because otherwise government would have used this information as a genuine selling point. There are also other factors preventing a much higher growth rate.

6. There are two ways of increasing the revenues of the state. One is to cut expenses like pensions, the other is to increase revenues through growth (2026). You likely meant reducing the deficit and eventually reducing the debt/GDP ratio. But there are more ways of reducing the deficit including introducing a wealth tax, reducing wastage, merging parastatals and selling participation in state assets. While we certainly don't want government to sell ownership in government assets, a wealth tax is overdue given the mess the unsustainable tax structure for the past twenty years has put Mauritius into. We can also reduce the deficit by eliminating the abusive IPP contracts as this will make our economy grow faster. Ask Germany about this point if you're having trouble understanding it.

7. We used to produce 700,000 tons of sugar a long time ago but now we produce 200,000 to 225,000 tons. We should be able to increase our sugar production (2026). Sugar weighs only about 0.5% of our economy which means that it's been dead for a long time. No amount of money will revive it. It did get a gift of Rs 5 billion in 2007. That was pure wastage.


8. The best way to help a poor person is to give him a good job. This will give him dignity (2026). And what exactly does stealing the BRP and throwing thousands into poverty do? Or concreting agricultural lands that puts him out of the real estate market for good?

9. Last year we were at the edge of a cliff. We took some difficult decisions. Today we can breathe a little better (2026). As we've shown several times there were plenty of things that government could have done to improve public finances instead of stealing the BRP of our old folks.


10. Two of the areas where lack of planning and investment has been severe over the past 10 years have been in water and electricity (2026). Not 10 years, but 20. Tell us how many kms of leaking pipes have been changed each year since 2005 and how much did the CEB invest in extra power generation over the same period? You're also awfully quiet on the abusive IPP contracts that have been killing our economy and international competitiveness for more than two decades. Three of them were due for renewal between December 2024 and September 2025. An update would be nice.

11. Mansoor who was in a room filled with brilliant minds of this country told us to target a 6% growth rate so that we can reach 4.7%-5% which in 2050 will get us to half where Singapore [GDP per capita] is otherwise if we target 4.7% we'll get only 3% (2026). Mansoor was a predominant figure of the Sithanen reforms which were supposed to get us 8% growth with a country-ruining flat tax of 15%. After 20 years of that poison we got only 3.3% average growth. So how come he's in that room packed with our brilliant minds? By the way can we have the footage of the deliberations of that group of people? Also it is quite surprising that you stayed in that room given that you don't master even the basic stuff. Speaking about Singapore, in 2021 it had a GDP per capita that was about 9X ours. Two main factors explain a lot of the abyss between the two tigers.


12. Government had options one being to increase VAT (2026). There was absolutely no reason to increase a regressive tax like VAT. As the premise on which our tax structure was flattened in 2006 was that we would get 8% growth but ended up with 3.3% it makes sense to make those who didn't deliver pay and that would be corporates and wealthy individuals.

13. The PM chose the option which is less painful for most people (2026). Can you remind us how many people benefited from the reduction in the fair share contribution in the 2025/26 budget? And while you're at it how many people have been affected by the cruel and completely unnecessary postponement of the age of eligibility for the BRP last year and the means targeting of the BRP in the 2026/27 budget?

14. We are making the national cake bigger and increasing GDP per capita (2026). We need to be careful in using GDP per capita as it suffers from the same problem of any average that is it says little on how the cake is distributed.

15. You can either make the same people pay more tax or make more people pay some tax. When you're making the cake bigger you're making more people pay some tax (2026). You're either lying through your teeth, unaware how the economy works, have not been told that the VAT threshold was lowered by 50% in the 2025/26 budget, oblivious to the fact that government had removed many people from the tax net in last year's budget or some combination of all four.

16. DFIs are not allowed to use a financial centre which is not investment grade (2026). Not too long ago you said on a radio show that a senior German official told you in a conference in Africa that they had stopped using Mauritius because there's a perception that we're a tax haven. Hopefully you understood that the German was trying to be polite because would you believe one second that they did not carry out a thorough assessment of Mauritius? And who's stupid enough to believe that we're not a tax haven?

17. We have to stay the course even if there's a lot of critics because we're doing what's good for the country something which the population will eventually realise (2026). The population has already realised that you're out of your depth and is looking forward to getting recall elections so that they throw incompetents like you out of parliament as soon as possible.

18. We need to export more so that there's less pressure on our rupee (2026). We should rather import a lot less. This is easy to do. We can legislate so as to force sugar estates to grow food instead of concreting agricultural lands. Especially given that our food security is as good as Saudi Arabia's.

19. We won't be able to get any growth as long as we have labour shortages (2026). There's a lot of unemployment and underemployment in Mauritius. If we provide opportunities to them we'll get a nice growth. We'll get an even better growth rate if abusive IPP contracts don't exist anymore.

20. I come from the private sector. If you don't bring results there you could be sacked (2026). Kindly explain to us what kind of results the senior management at the IPPs which have been ripping the population for more than 20 years with very abusive contracts bring month in month out.

Sunday, June 07, 2026

Dawnlod Nu Liv Gratis Pu Konpran En Ta Zafer Mari Vit


Pu kumanse par palab ki pe fer depi 12 mwa lor kifer in kokin pansion vieyes. Apre, pu ki rezon system lasante piblik in krash. Nu osi met diyl Sagos dan perspektiv ki bizin. Ena osi en sapit lor reform elektoral. Antu 10 sapit pu met en ta linformasion dan lame sitwayin pu relev deba dan pei. En ta lekol kuyon pu ferme la. Nek gete u.

Meyer version (miltimedia) se lor u laparey Apple.

Thursday, August 07, 2025

Bérenger Statements That Don't Survive A Fact-Check

1. I'm the real father of the economic miracle (2019). Something Ramgoolam acknowledged in parliament a few weeks ago. The problem with this statement is that Bérenger was Finance Minister for only nine months as from June 1982 and alliance partners spent a lot of their time fighting each other which left very little time to hatch such a miracle. Plus Bérenger returned as FM between 2000 and 2003 during which time he presented not one but three budgets. We know what one of his colleagues had to say about the economy back then. And that there are problems with this notion of economic miracle.

2. Mauritius is the best managed country in the world (2003). That's what Bérenger repeated several times when he was PM. You need to wonder which yardsticks he was using to arrive at such a conclusion. 

Sunday, July 04, 2021

Dis Plas Kot Bizin Komisyon Danket

Byin bizin komisyon danket dan sa ban plas swivan la parski sa fin kut nu estra ser kom pei ek ena ladan fin mem fer nu koste ek fayit. Bizin komisyon danket pu nu sosyete konpran kin arive ek ki nu met ban zafer an plas pu ki zame sa pa arive ankor. Dayer Ptr ti propoz en Economic Offenders Act dan so manifest electoral pu eleksyon zeneral 2019.

1. Linpak flat tax 15% Sithanen lor sitiasyon mari katastrofik dan ki Moris retruv li. Dapre se ki ti pe dir dan kanpayn elektoral 2005 ek apre (li pu zener en krwasans 8%) GDP Moris pu 2020 ti bizin 914 milyar rupi. Tiena COVID-19 an 2020 non? Pena problem anu pran prozeksyon GDP pu 2019, 837 milyar rupi, pu kav tir COVID dan diskisyon. GDP aktyel pu 2019 ti 498 milyar rupi. Donk zis pu 2019 mank 339 milyar prodiksyon domestik (pu gayn en lide, pandemi fin kut nu 100 milyar rupi GDP an 2020). Ant 2006 ek 2019 ti mank 1,780 milyar rupi GDP u 312 fwa sa 5.7 milyar ki fek pey Betamax la. U preske 18 fwa seki pandemi fin kut nu an 2020. Ava bon osi kone kisana in profit plis sa striktir taksasyon insutenab la ek ban lezot desizyon insanse.