In its analysis of the 2026-2027 Budget, KPMG estimates that Mauritius faces an environment marked by geopolitical uncertainties, inflationary pressures, the depreciation of the rupee and tensions on foreign currencies. In this context, the firm considers that the issue goes beyond simple economic growth and now concerns the country's capacity to ensure sustainable, competitive and inclusive growth.
KPMG notes that the Budget aims to gradually restore the balance of public finances while continuing investments in sectors of the future. The cabinet notes in particular the objective of reducing the budget deficit to 3.7% of GDP in 2026-2027, compared to 6% for the current financial year.
According to KPMG, trust remains one of the main economic assets of Mauritius. The firm emphasizes that this confidence is based on healthy public finances, solid institutions, a stable regulatory framework and coherent implementation of public policies.
The analysis also highlights the emphasis placed on digital transformation, artificial intelligence, innovation and skills development. KPMG considers in particular that the objective of training 50,000 Mauritians in practical skills in artificial intelligence constitutes an important investment in the future competitiveness of the country.
The cabinet also notes measures intended to support start-ups, SMEs, innovation and the attraction of qualified foreign labor, estimating that they could help meet the needs of the labor market and strengthen productivity.
On the financial front, KPMG believes that the reforms announced in the banking and financial sectors, as well as measures linked to fintech, open banking and digital finance, should help preserve the competitiveness of Mauritius as an international financial center.
Finally, the cabinet considers that the main challenge now lies in the implementation of the announced reforms. According to KPMG, the success of the Budget will depend on the ability of government, the private sector and civil society to work together to achieve the objectives set for growth, competitiveness and productivity.
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