The 20 budget is about national development and fiscal sustainability. Mutati, mp minister of finance delivered to the national assembly on friday, 11th november, 2016 1. Sustaining green mauritius mr speaker, sir, i move that the appropriation bill 2010 be read a second time. The passage of laws by which we seek to establish a civil society based upon the rule of law. A journey on which our achievements shall not only be measured by the amount of wealth and jobs we create but it. Budget 20 3 as a result of the amendments to the scale of rates and the rebates increasing, the tax threshold for individuals below the age of 65 is increased from r63 556 to r67 111, and for individuals aged between 65 and 75 from r99 056 to r104 611. Budget 20 statement on the estimates by the minister. Provincial treasury 5th floor treasury house 145 chief albert luthuli road 3201 p o box 36 pietermaritzburg 3200 tel. Further education and training will continue to be extended and enhanced. The 20 budget was based on the ghana shared growth and development agenda gsgda. Budget speech 4 20 2014 there was no time to lose in setting the situation to rights. Mukul sangma chief minister ic finance monday the 19th march, 2012 mr. The government of mauritius would like to express its gratitude to the united nations department. The reason for this is that he has previously stated that the departure point for budget policy is the ndp and that there is a three year plan within that framework.
Government of mauritius, solid waste management in mauritius. Whilst this is a challenge on its own, it is also presents an opportunity for mandatory paradigm shift. In july, i announced a new government stimulus initiative amounting to a package of 2. Increasing food and oil prices represent risks to the inflation outlook. The presentation of the 2010 budget on a calendar year basis is another pillar of our reforms to adapt the budgeting process to new realities. Communications directorate national treasury private bag x115 pretoria 0001 south africa. Export of education and healthcare services were also growing rapidly. Pravind jugnauth, minister of finance and economic development, on 29 july 2016.
This is a budget in which there is limited room for expansion, yet there are significant opportunities for change. I have been asked by minister pravin gordhan, to table this on his behalf. A gbl1 co is eligible to claim benefits under the tax treaties that mauritius has entered into with overseas jurisdictions, including foreign tax credit in respect of its foreign sourced income. Our aim is for mauritius to be a high income country by 2023, with an income per capita of around usd,600 against the current level of usd 9,740. Ministry of finance and economic developmentnational budget 20. As at 30th september, 20, the bank of zambia had withdrawn k3. For almost a century and a half this legislative assembly has served british columbians by performing two functions fundamental to our parliamentary democracy. Ict and seafood grew at a faster average annual growth rate of 9. Budget speech 2014 3 subsidies, it is known to all that a gigantic circular debt of rs. And following careful consideration of inputs from various stakeholders, a revised youth employment incentive will be tabled in the house.
Pravind jugnauth delivered his first budget speech after the 2014 elections. We are concerned, madam speaker, that, no clean audit opinion has been received in the province. It is estimated that these changes will yield an increase of around 21. However, these fast growth sectors do not yet have the depth to propel mauritius on a higher growth path. I am announcing that the budget will be balanced in 202014 and will stay balanced in subsequent years. The 20 mauritius budget witnesses the continuity of last years innovation in the development of the global business sector mauritius budget 20 in this 20 budget, the honorable minister of finance and economic development is further emphasizing on making mauritius an international financial centre of excellence. Education outcomes honorable speaker, we must acknowledge the excellent work done by our schools that is evident in the steady improvement of.
Historically, gbl1 cos have been extensively used for making investments into. The fsc is the integrated regulator in mauritius for the financial services sector other than banking, and global business. Concrete efforts to address livelihoods security and. Mauritius and is subject to the above mauritius corporate tax rate of 15%.
In the 20 budget, one of the primary objectives of government. Hcms speech honble speaker sir and honble fellow members of this august house. Sir, protection of the people of the state is our primary duty. The designations used and the presentation of material in this publication.
Fiscal policy and the 20 provincial mediumterm expenditure framework acting speaker, as mentioned earlier on, the 20 mtef fiscal framework is very constrained. I am pleased to note that we have achieved several new records including. Budget 20 ministry of finance, economic planning and. A journey on which our achievements shall not only be. Mr deputy speaker, this is a budget for people who aspire to work hard and get on. Mauritius sustainable development the united nations. Budget speech 2014 his excellency mahinda rajapaksa president minister of finance and planning sri jayawardenepura kotte, sri lanka 21st november 20 this publication contains budget speech 2014, a list of reports and documents being submitted therewith and the technical notes.
I am pleased to announce that real gdp growth was instead 1. In november 20, we had forecast real gdp growth of 0. The first national workshop3 was held on 21 may 20 and saw the. This is the third budget of the minister of finance and economic development under the present government. National budget speech by david okwara on november 20, 20 in mauritius on 08 november 20, the vice prime minister and minister of finance and economic development, hon. Mauritius national budget 201516 4 the government is embarking on a new journey for reviving the economy and this years budget unveils a series of measures, carving out the right strategies to shape a longrange vision for a more sustainable future. To complement the minister for finances budget statement, i am announcing the expenditure estimates for 20. That is why two years ago, we ushered in a new era of development.
This is an improvement when compared to the february 2012 expenditure of r3. Isbn no 0869674277 to obtain further copies of this document, please contact. The minister has delivered his medium term budget speech for 20 the content of which was as expected. Budget speech 4 20142015 our efforts are starting to pay off, and our economic growth is improving. Mauritius national budget 201516 2 a plethora of measures have been announced to address the systemic issues faced by smes. Explanatory notes on the main provisions to be included in the finance bill and the economic and financial measures bill and. It is the first budget in which governments plans to implement the national development plan ndp are beginning to take shape. Government is committed to protecting priority services for student learning, and to maintaining newfoundland and labradors pupilteacher ratio as the best of any province in canada. Its a budget for people who realise there are no easy answers to. For immediate release 20 2014 budget speech presentation the mec for education in kzn, mr edward senzo mchunu has pleasure in inviting you to the 20 2014 budget speech presentation and to a media briefing where he will give the highlights of the budget speech. Sir, on 1st january 20, we successfully rebased the kwacha. Mauritius budget highlights 2016 foreword 03 2016 deloitte mauritius foreword budget 20162017 strategies for a new era of development the honourable minister of finance and economic development mr. June 2014 4 3rddecember 20, the rupee has appreciated by 11%. Speaker sir, i rise to present the budget estimates for the year 2012.
Official pdf, 329 pages world bank documents world bank group. This reminds me of a little story involving a cow, a dog, a chicken and a cat. The budget 2012, being the first year of the 12th five year plan, highlights the governments strategy for future investment, fiscal. Already, mauritius has taken steps to address climate change vulner. Go tlile go nna botlhokwa thata gore lefapha le atamelane le dimasepala tse somelebone tse. The cash exchange exercise will continue until 31st. Budget 20 statement on the estimates by the minister for. Budget speech check against delivery malusi gigaba minister of finance 21 february 2018. The 20 budget is presented in challenging times, but against the background of a new strategic framework for growth and development. The tax threshold for individuals 75 years and older increases from r110 889 to r117 111. It is the responsibility of our government to fulfil their needs and requirements. The aspirations of the people of the state are also not much. Ministry of finance, economic planning and development budget. Today i can announce the government intends to proceed to a longterm lease of the port of newcastle, the largest coal port in the world, subject to a scoping study.
Xavier luc duval, delivered his third budget speech titled building a better mauritius creating the next wave of prosperity. I would like to begin by thanking the prime minister for entrusting me the task of managing the finances of the nation and steering the economic development. The mauritius national budget speech for 201617 was delivered by hon. For 2015, economic growth is expected to remain strong between 5% and 6% while the fiscal deficit is projected to further decline to 3% of gdp. Last year, in my budget speech, i spoke about my vision of a new era of development a vision of a society without any families living in absolute poverty, where there will be. Subscribe to the monthly newsletter, to be informed of the latest news portal, and new services added. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 2017 to 31st december 2017, presented to. I address you at an important time in our countrys history and when the global economy is in serious crisis. Nevertheless, we are staying the course with respect to the targets we set for ourselves. Receipts and payments, the limpopo provincial budget speech for 2012 and other documents. Some of this information is unaudited or subject to revision. Budget speech 4 202014 there was no time to lose in setting the situation to rights. To obtain additional copies of this document, please contact. Budget speech 20 14 3 housing is also on the rebound.
To order copies of country profile mauritius, please contact. Indeed, madam speaker, budget 201819 is about pursuing that transformative journey. Budget speech 20 14 3 subsidies, it is known to all that a gigantic circular debt of rs. In 20, there were more than 125,000 small companies, mostly in five sectors, namely wholesale and retail and motor vehicles repair, transportation and storage, manufacturing, construction and accommodation and food. Pravind jugnauth, the minister of finance and economic development presented, on 29 july 2016, the national budget speech 2016 2017. This government continues to face a daunting challenge in repairing the economy and the public finances. I am announcing that the budget will be balanced in 20 2014 and will stay balanced in subsequent years. Unep, 2014, the government of mauritius 20a and 20b.
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