Mauritius Prime Minister Dr Navin Ramgoolam, last week, presented a recovery-focused budget to tackle high public debt and trade deficits. The plan centres on spending cuts, increased tax on high earners and big firms, and pension reforms raising eligibility to sixty-five. The Gross Domestic Product is expected to grow by 3.7 per cent, with debt slightly reduced. The government is banking on three years of austerity to restore economic stability. Thami Ngubeni spoke to Huns Biltoo, Partner and Head of Advisory at KPMG Mauritius.

<p>Mauritius Prime Minister Dr Navin Ramgoolam, last week, presented a recovery-focused budget to tackle high public debt and trade deficits. The plan centres on spending cuts, increased tax on high earners and big firms, and pension reforms raising eligibility to sixty-five. The Gross Domestic Product is expected to grow by 3.7 per cent, with debt slightly reduced. The government is banking on three years of austerity to restore economic stability. Thami Ngubeni spoke to Huns Biltoo, Partner and Head of Advisory at KPMG Mauritius.</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>