STATEMENT OF GOVERNMENT OPERATIONS

Rs Million
2019/20
2019/20 2020/21 2021/22 2022/23
Revised
Estimates Estimates Planned Planned
Estimates
RECURRENT BUDGET
Recurrent Revenue 114,810 97,240 132,880 127,945 129,675
Tax Receipts 104,676 89,025 90,635 108,650 116,820
Social Contributions 1,332 1,291 4,300 4,300 4,300
Other Revenue 8,802 6,924 37,945 14,995 8,555
o/w Exceptional Contribution from Bank of Mauritius - - 33,000 - -

Recurrent Expenditure 121,569 141,519 132,880 127,945 129,675

Compensation of Employees 32,674 31,180 30,640 32,098 32,494
Purchase of Goods and Services 11,877 11,488 10,491 10,489 10,303
Interest (Accrual basis) 13,795 13,580 12,700 12,900 13,100
Subsidies 1,641 15,566 9,578 1,463 1,463
Grants to Parastatal Bodies/Local Authorities/RRA 22,520 22,696 21,203 22,020 22,138
Social Benefits 34,725 42,974 44,340 45,472 46,423
Other Expense 3,837 4,035 3,428 2,802 2,754
Contingencies 500 - 500 700 1,000

Recurrent Balance -6,760 -44,279 - - -

Recurrent Balance as % of GDP -1.3% -9.5% - - -
CAPITAL BUDGET
Capital Revenue 6,925 4,460 30,020 2,780 430
External Grants 6,335 4,460 3,020 2,780 430
Transfer from Special Funds 590 - - - -
Exceptional Contribution from Bank of Mauritius - - 27,000 - -

Capital Expenditure 17,035 23,760 30,020 17,593 16,188 f(1)

Acquisition of Non-Financial Assets 11,626 8,072 9,543 11,388 10,844
Grants to Parastatal Bodies/Local Authorities/RRA 2,691 2,110 2,823 2,306 1,881
Transfer to Special Funds 100 12,100 15,000 1,500 2,500
Other Transfers 2,418 1,478 2,456 2,199 764
Contingencies 200 - 200 200 200

Capital Balance -10,110 -19,300 - -14,813 -15,758

Capital Balance as % of GDP -1.9% -4.1% - -3.0% -3.0%
Budget Balance (Before Net Acquisition of Financial
Assets) -16,870 -63,579 - -14,813 -15,758
Budget Balance as % of GDP -3.2% -13.6% - -3.0% -3.0%
Net Acquisition of Financial Assets 2,979 8,663 -998 2,354 1,065
Domestic 2,838 7,881 -1,398 2,029 740
Loan to Parastatal Bodies 774 839 1,011 1,046 1,004
Reimbursement of Loan by Parastatal Bodies 347 108 646 757 1,322
Equity Purchase/Participation 7,411 7,150 2,237 1,740 1,058
Equity Sale 5,000 - 4,000 - -
Foreign 121 134 400 325 325
Equity Purchase/Participation 121 134 400 325 325
Net SDR Transactions 20 648 - - -
Adjustment for Non-cash Transactions - -2,000 - - -
Adjustment for difference in cash and accrual interest -676 -442 -90 -500 -770
 STATEMENT OF GOVERNMENT OPERATIONS
  Rs Million
2019/20
2019/20 2020/21 2021/22 2022/23
Revised
Estimates Estimates Planned Planned
Estimates
Government Borrowing Requirements 19,172 69,800 -1,088 16,667 16,053
Government Borrowing Requirements as % of GDP 3.6% 14.9% -0.2% 3.4% 3.0%
Domestic Financing 35,738 61,603 -11,371 18,430 16,010
Foreign Financing -16,566 8,197 10,283 -1,763 43

Budgetary Central Government Debt 281,699 350,521 343,848 353,985 369,036

Budgetary Central Government Debt as % of GDP 53.5% 75.0% 76.0% 72.7% 70.1%

Public Sector Net Debt1 324,521 339,748 353,623 378,024 396,648

Public Sector Net Debt as % of GDP 61.6% 72.7% 78.2% 77.7% 75.3%

Memo Items:
Total Revenue 121,735 101,700 162,900 130,725 130,105
Total Revenue as % of GDP 23.1% 21.7% 36.0% 26.9% 24.7%
Total Expenditure 138,604 165,279 162,900 145,538 145,863
Total Expenditure as % of GDP 26.3% 35.3% 36.0% 29.9% 27.7%
Primary Balance -3,075 -49,999 12,700 -1,913 -2,658
Primary Balance as % of GDP -0.6% -10.7% 2.8% -0.4% -0.5%
1
Figures for 2019/20 Estimates are gross debt data as published in the 2019/20 Budget document.
f(1) : This represents only Central Government capital expenditure from the Consolidated Fund.
Total public sector investment includes capital projects implemented by Central Government (both under Consolidated Fund and Special Funds),
parastatal bodies, state owned enterprises and public entities as follows:

Total Public Sector Investment 49,939 25,503 40,447 38,467 35,012

Capital Expenditure 16,935 11,660 15,020 16,093 13,688
Loans and Equity to Parastatal Bodies/State Owned
Enterprises 6,185 5,989 3,248 2,786 2,062
Special Funds 2,010 1,579 9,688 8,300 5,853
State Owned Enterprises/Public Entities (own funds) 24,809 6,275 12,491 11,288 13,409