June 10, 2019 / 5:59 PM / 7 days ago

Mauritius says economic growth may climb to 4.1 pct in 2020

PORT LOUIS, June 10 (Reuters) - Mauritius expects its economy will expand by 4.1 percent next year up from 3.9 percent this year, while the fiscal deficit will remain flat in the fiscal year beginning July from the previous period, according to the finance minister.

The Indian Ocean island, which markets itself as a link between Africa and Asia, is striving to move from an economy mostly focused on sugar, textiles and tourism towards offshore banking, business outsourcing and luxury real estate.

In a budget speech on Monday, Pravind Jugnauth also told parliament total public spending in the next fiscal year would be 138.6 billion Mauritian rupees ($3.9 billion), up from 133.8 billion rupees in the previous period.

The fiscal deficit in the fiscal year from July would be unchanged at 3.2 percent of GDP from the previous year. (Reporting by Jean Paul Arouff Editing by Elias Biryabarema and Peter Graff)

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