QUESTION 1

Empirical studies propose that national fiscal rules have been generally connected with improved fiscal performance.

(a) Describe fiscal rules and using examples comment on some of most commonly used fiscal rules?

(b) Why extra countries, including Mauritius, are adopting fiscal policy today.

QUESTION 2

Based on lessons from the new crises, mainly the global economic crisis and the euro crisis, indicate what have to be the role of State today.

QUESTION 3

The trends noted in presentation of the fiscal sector in Mauritius during this decade are the result of discretionary fiscal measures taken by government.

(a) Set apart between discretionary and autonomous fiscal policy.

(b) Comment on trends noted on revenue, expenditure and financing and indicate the main factors that elucidate such trends.

QUESTION 4

Compared to many other countries Mauritius has been less successful in implementing projects on a Public Private Partnerships (PPP) basis.

(a) Identify Public Private Partnerships (PPP).

(b) Indicate why Government of Mauritius might be interested in implementing projects on PPP basis.

(c) In brief indicate possible factors explaining why Mauritius has been less successful.