Africa-Press – Mauritius. The preparation of the forthcoming Pay Research Bureau Report (PRB) is at an advanced stage. The Prime Minister, Dr Navinchandra Ramgoolam, made this statement today in the National Assembly in reply to a Private Notice Question pertaining to the publication of the Pay Research Bureau report.
He recalled that the State of the Economy Report of December 2024 revealed a significantly higher deficit, unsustainable public debt levels, and weakened macroeconomic indicators, necessitating the adoption of stringent fiscal measures in the 2025–2026 Budget. ’’The PRB exercise is being finalised within this framework of fiscal consolidation’’ he said.
The Prime Minister noted that the PRB has historically conducted its general review every five years, with the current Report having begun in March 2023. The exercise covers Ministries, Government Departments, Local Authorities, the Rodrigues Regional Assembly and some 125 Parastatal Bodies. Over 675 meetings have been held, 1,710 interviews conducted, and 17 site visits completed to date.
Dr Ramgoolam stated that it is premature to determine the modalities of implementation, including the timing, retroactivity or method of financing, as the cost implications are still being assessed. Although commitments had been made during the electoral campaign, the fiscal situation inherited from the previous administration does not permit immediate implementation, he said.
The Prime Minister further recalled that Mauritius currently retains the lowest investment-grade sovereign rating (Baa3 – Moody’s), reinforcing the need for continued financial prudence in accordance with the Public Debt Management Act. He confirmed that nevertheless, Rs 5 billion has been earmarked in the 2025–2026 Budget to support the implementation of the PRB Report.
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