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AfricaMoney | June 28, 2017

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Mauritius sees central government debt rise 10.8% to Rs 168 bn at Feb end

Mauritius sees central government debt rise 10.8% to Rs 168 bn at Feb end

Mauritius’ Budgetary Central Government gross domestic debt registered an increase of 10.8% to Rs 168.0 billion at the end of February 2015 on a year-on-year basis, upon higher medium term obligations which grew by 13.4% on annual basis (Image: paramveesaini.com)

Mauritius saw Budgetary Central Government gross domestic debt rise by 10.8% to Rs 168.0 billion at the end of February 2015 compared to last year at the same period where it was Rs 151.7 billion, upon higher medium term obligations which grew by 13.4% on annual basis.

It is to be noted that Medium Term obligations have a maturity greater than one year, Short-term obligations are up to 12 months and Long-term debt have maturity life of 5 years and above.

Moreover, on a monthly basis, compared to January 2015, a net increase of Rs 2.6 billion was registered, where the Budgetary Central Government gross domestic debt in January 2015 stood at Rs 165.4 billion, representing an increase of 1.6% on a monthly basis. Here again, medium term obligations had inched up by 4.2% on a monthly comparison, contributing largely to the rise in government debt.

By Original Maturity and Instrument, the Budgetary Central Government gross domestic debt was composed of short-term obligations, of which treasury bills for February 2015 were Rs 26.1 billion, compared to Rs 23.9 billion in February 2014.

Medium Term obligations saw treasury notes for February 2015 being set at Rs 49 billion compared Rs 45.1 billion to 2014, or an increase of 9.1%.

Finally, under Long-Term Obligations, the five-year Government of Mauritius (GoM) bonds for February 2015 stood at Rs 38.4 billion compared to Rs 33.7 billion in 2014. Also, under the same category, the Mauritius Development Loan Stocks (MDLS)/GoM Bonds were Rs 54.2 billion on February 2015 compared to Rs 47.5 billion in the corresponding period in 2014.

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