Regulatory Alerts2026-04-10
Public Debt Management Act 2008
Enacted by the Parliament of Mauritius and assented to on 8 May 2008, this legislation consolidates and modernizes the legal framework governing public loans, Treasury bills, bonds, sovereign sukuks, and government guarantees. It vests the Minister with sole authority to raise funds domestically and internationally, establishes a statutory public sector debt ceiling of 75 percent by fiscal year 2030 and 60 percent thereafter, and mandates a comprehensive debt management strategy with quarterly reporting. The Act repeals the Loans Act, Bonds Act, and Government Guarantees (Development Purposes) Act while preserving outstanding instruments until redemption and requiring all public sector entities to submit regular debt data to the Ministry.
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