Public Debt: The Risky Bet of Credit-Fueled Recovery

As major economies become mired in a post-pandemic debt spiral, the question of sustainability is resurfacing in Mauritius. The latest statistics from the Ministry of Finance, as of September 30, 2025, show an increase of Rs 26 billion since March, bringing the public debt to Rs 654 billion, which represents 89.3% of the Gross Domestic Product (GDP). This figure transcends mere budgetary technicalities and highlights the growing dependence of an island economy.