Friday, June 15, 2007

Mauritius 2007/08 growth seen rising to 5.5 pct

(Reuters) - Mauritian economic growth will rise to 5.5 percent in the 2007/08 fiscal year from just under 5 percent this year, the Indian Ocean nation's finance minister said in his annual budget speech on Friday.

"We are taming the twin beasts of budget deficit and public debt to create fiscal space for development," Rama Sithanen told parliament. "Growth will accelerate from just under 5 percent in 2006/07 to almost five and a half percent in 2007/08."


Read more at Reuters Africa

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