Budget Debates: A New Model Called 'NPF 2.0' to Be Proposed Soon, Announces Damry

On Tuesday, June 24, during a parliamentary session, Junior Minister of Finance Daneshwar Damry defended the reforms outlined in the Budget for 2025/2026. He warned of an imminent risk: experts estimate that the Mauritian state may soon be unable to pay pensions.

In light of this concerning situation, the government plans a complete overhaul of the pension system. An expert commission will be established to propose a new model called 'NPF 2.0', which is expected to be legally and financially secure, Damry announced.

Additionally, the government intends to inject 428 billion rupees over three years into key sectors such as education, health, housing, and social security.

Damry also criticized the budget management of the previous regime led by the MSM and its allies, denouncing a policy based on "monetary illusion" and excessive spending. According to him, 180 billion rupees were injected without any sustainable impact, leading to a public debt of 520,000 rupees per capita.

In conclusion, the minister quoted Indian Prime Minister Narendra Modi to summarize his government's philosophy: "Today, the country has a government that dedicates every moment of its time and every rupee of the people's money to the balanced development of the country... Let each of our decisions be guided by a single criterion: the nation first."