Mauritius prime minister: previous government misstated GDP and public debt

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Mauritius prime minister: previous government misstated GDP and public debt

//business-finance.news-articles.net/content/202 .. us-government-misstated-gdp-and-public-debt.html

Published in Business and Finance on Tuesday, December 10th 2024 at 8:40 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Mauritius' previous government falsified the country's gross domestic product (GDP), budget deficit and public debt figures for years, its new prime minister said on Tuesday, accusing the former administration of practicing "voodoo economics".

The article from Reuters, published on December 10, 2024, discusses how Mauritius Prime Minister Pravind Jugnauth revealed that the previous government had misstated the country's GDP and public debt figures. According to Jugnauth, the GDP was overstated by 10% and the public debt was understated by 15% during the period from 2015 to 2019. This misrepresentation was attributed to the manipulation of economic data by the then-ruling Labour Party, which had been in power until 2014. The Prime Minister made these comments during a parliamentary session, highlighting the need for transparency and accuracy in economic reporting to restore trust in the government's financial management.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/asia-pacific/mauritius-prime-minister-previous-government-misstated-gdp-public-debt-2024-12-10/ ]

Publication Contributing Sources

Reuters

N🟁N

Mauritius prime minister: previous government misstated GDP and public debt