I am pleased to announce that each mauritian has rs454 000 of debt on their head. Whether adult, old, baby boy or girl, any body. If you did not understand, this means each and every mauritian, old age, retired or not needs to pay off rs 454K per person to settle our debt.
Before you call BS, maybe you have not been paying attention to the growing concern among intelligent mauritians that they maybe won’t be able to receive salaries in the near future. Or old-age pension.
This is not unrealistic, given that it does and did happen to islands around us for certain sectors of the economy, like education for example.
Here is my working, references in comments:
Our debt is 77% of our nominal GDP[1]
77% of $16.359 billion [2]
77% of rs747.77 billion (1usd to rs45.72)(1B is 9 zeros)
77% of 747770000000
= 575782900000
We have number of inhabitants = 1268671 [3]
575782900000 / 1268671 = 453847.293742822 of debt per person
I’d be more than happy to be proven wrong.
And dear people who land in the government, before taking interest-based loans, maybe like hum consult with the population.
“Mr Abdur-Rahmaan, would you like to have rs450K of debt on your head due to us taking loans?” Hell no! Absolutely not!
We invite the government, the admirable people of Mauritius and people around the world to assess the relationship between economic health and using interest-based loan as the linchpin of our financial strategy.