The tertiary education is maintained by the ministry of tertiary education, science, research and technology. The budget intends to achieve an ambitious target gdp growth rate of 5. In addition, we are expecting the deficit to be financed by an increase of mur6. Budget speech 2016 17 a new era of development madam speaker, i move that the appropriation 2016 17 bill be read a second time. The proposed expenditure is an increase of 2% over the previous year. Short title this act may be cited as the finance miscellaneous provisions act 2016. Information about holidays, vacations, resorts, real estate and property together with finance, stock market and investments reports. Supplement to the budget speech 201617 collaborative africa.
The 2016 budget will build on the foundation laid to restructure and transform the economy towards sustained and inclusive growth. The mauritius finance minister hon pravind jugnauth, delivered the 2016 17 budget speech. Backdrop to budget 201516 along with the budget speech. Governor daytons budget proposal for the fiscal year 2016 2017 biennium is the latest illustration of the states performancebased budgeting statutes. Make a budget use this worksheet to see how much money you spend this month. Pwc budget summary 2015 7 public finance budget deficit and growth rate forecast economic growth rising as high as 5. Mauritius budget highlights 2015 3 the first national budget of the newly elected government was presented by the minister of finance and economic development, mr vishnu lutchmeenaraidoo on 23 march 2015. The health care sector in mauritius has transformed itself by. Mauritian newspapers for information on local issues, politics, events, celebrations, people and business.
Dfid and gpe funded zambia education sector budget. This was against a backdrop of prolonged uncertainties in the eurozone, the recent confirmation of brexit and a more complex local context. Mr speaker, sir, i am presenting the national budget at a time of unprecedented crisis. New direction at the crossroad mauritius budget 2015. Public transport system to undergo major transformation with metro express government of mauritius, government of mauritius. Medium term budget policy statement national treasury. As expected, this years budget is a continuation of the vision to transform mauritius into a high income economy.
The low and simple fiscal regime with reintroduction of the concept of tax holiday and improved investment tax credits with companies operating in the. 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 of our country. Of particular note is the lower capital expenditure of around rs2bn for the year. In this context, the mcci is seeking the views and proposals of members on key measures for the economic development of the country. New direction at the crossroad mauritius budget 2015 highlights. Mauritius budget 2020 governments development agenda online. Watch live and archived coverage of all parliament proceedings. For 2016 17, the budget deficit is expected to decline to rs20bn i. The national women entrepreneur council nwec, a parastatal body operating under the aegis of the ministry of gender equality and family welfare has been set up in 1999. Mauritius revenue authority mra may prove to be burdensome.
Ministry of finance, economic planning and development. Mauritius budget 201718 tax guide 3 foreword the prime minister and minister of finance and economic development delivered this governments third and midterm budget as a continuation of its roadmap, with little change to economic policy. We have high ambitions for our country, as spelled out in vision 2030. In mauritius, using this model, it is essential for us to leverage on our geopolitical advantage to become a hub for investors from asia and europe into the african region and attract multinational companies to invest in the productive sectors of the economy. We also expect inflation to remain subdued and the unemployment rate to decline. Dfid and gpe funded zambia education sector budget support. It is the main organization that provides support and assistance to both potential and existing women entrepreneurs in mauritius. Phoenix city charter requires a balanced budget each year.
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. This deficit reflects an undershoot in both revenue and public spending. Issuance of government of mauritius treasury bills. Budget highlights 201617 kpmg mauritius kpmg international. The country is the secondmost competitive in sub saharan africa, after mauritius 45th. In oil producing middle income countries, inflation increased to 5. Madam speaker, i have decided that budget 2016 17 must indeed be about. Aug 08, 2016 the 2016 17 budget was made public on friday 29th july 2016 with a number of measures focused on promoting growth. The fiscal stimulus programme and public governance issues in china pdf. Budget speech 201617 a new era of development madam speaker, i move that the appropriation 2016 17 bill be read a second time. The mauritius finance minister, hon pravind jugnauth, delivered the 2016 2017 budget speech entitled a new era of development. Looking for accommodation, shopping, bargains and weather then this is the place to start. Madam speaker, i have decided that budget 201617 must indeed be about.
Ground floor, government house, portlouis, republic of mauritius. Mauritius budget highlights 2016 foreword 03 2016 deloitte mauritius foreword budget 2016 2017 strategies for a new era of development the honourable minister of finance and economic development mr. The honourable prime minister announced substantial measures to revamp the existing global business sector. Buyback plan of government securities for period january to june 2017. National budget 20182019 2 editorial highlights this exemption will be granted to all companies in mauritius, except banks partner corporate services didier lenette chief executive officer kabir ruhee world gdp mauritius gdp gdp growth rate 3. 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. Audit act and the capital project process manual will be amended and the project.
The virtuous economic cycles that i pledged in my 2016 17 budget are now firmly anchored in our growth path. Visit the island of mauritius official mauritius tourism. Mauritius budget 20172018 tax guide kpmg international. Pwc 2016 budget highlights 1 contents 2016 ghana budget highlights. Kpmgs tax alerts examine and discuss the recent tax developments in mauritius and the imp audit committee forum in mauritius the audit committee forum provides audit committee members with professional development, resources and access to a community of professionals. Building new yorks clean, resilient, and affordable energy system.
European commission or the government of mauritius. Public expenditure and financial accountability pefa assessment. Mauritius budget 2015 highlights deloitte mauritius tax. It creates the ambit for a new and higher investment threshold for mauritius. Mauritius budget 2020 governments development agenda. This technical note and manual tnm1 addresses the following main issues. It is anticipated that consumer price inflation will worsen in oil exporting and low income countries in 2017. The financial rules and regulations 2016 consists of a main document, named the financial management manual fmm and three technical documents, the finance and accounting manual fam, the budget manual bm and the property.
How fintech sits within the existing legal and regulatory framework. The 2016 medium term budget policy statement mtbps assumes that the economic cycle has. Save for later the new government has unveiled its first budget in line with its electoral promises, set out a vision to increase prosperity, and established a base for greater equity and social. In fashioning the 2016 budget, we have relied heavily on the policies. Budget highlights 201819 3 budget snapshot this governments fourth budget entitled pursuing our transformative journey was delivered with a deep sense of enthusiasm and optimism. Without any doubt, one of the worst in modern history. The budget 2015 2016 mauritius at the crossroad emphasises that the most ambitious goal of government is to make the small and medium enterprises sme sector the backbone of the economy.
In its 201617 budget, the government set out an ambitious spending plan to boost infrastructure, and attract private sector investment in order to grow the economy. However, these fast growth sectors do not yet have the depth to propel mauritius on a higher growth path. The mauritius assembly information counter handles queries regarding chamber business and other issues related to the mauritius national assembly. Mar 24, 2016 preparation of the budget memorandum 2016 17 as part of prebudgetary consultations with the ministry of finance and economic development, the mcci is currently engaged in the preparation of a budget memorandum. Enhanced substance, harmonisation of regimes for the global business and domestic sectors, and greater oversight. The budget 2016 2017 is a unique opportunity to transform our economic model in line with. The 2015 2016 budget spans the sixmonth period from january to june 2015 as well as the twelvemonth period from july 2015 to june 2016. The remaining 20% will be paid to the grz only upon the achievement of jointly agreed disbursementlinked milestones that are assessed annually.
As has happened in mauritius, singapore and a few other countries. To build an innovative mauritius, the minister of finance. Both moodys and the imf have praised our economic performance as being strong and resilient. Madam speaker, i have not an iota of doubt that mauritius is at a major. As i announce the policies and measures in this budget, this house and the nation will better understand my optimism. Emphasis has been placed on the competitive advantage of mauritius. This is a budget that puts the next generation first. The oecd journal on budgeting is a unique resource for policy makers. Infrastructure projects and the fight against poverty continue to occupy centre stage. In uncertain times and against a deteriorating global economic outlook, this budget delivers security for working people.
Pdf metro express envisioning a new public transport system. The education system in mauritius is largely based on the british system since mauritius was a former british colony. Thirteen employmentrich mega projects, including eight smart cities, will spread across the island and create. Noncommunicable diseases ncds and injuries in mauritius are estimated to account for 84% and 7% respectively of total burden of disease. The budget indicates a dependency on grants, which will increase by mur5. The finance miscellaneous provisions act 2016 act no. Highlights of recent amendments to the amlcft laws in mauritius.
Bank of mauritius act amended the bank of mauritius act is amended. Food regulations 1999 subsidiary legislations of mauritius 20. Beyond the statutory requirements summarized above, the dayton administration emphasized the use of performancebased budgeting concepts as agencies developed their biennial budget proposals. However, those measures are not reflected in the finance bill 2016 but which, we understand, will be. The education system in mauritius is categorized into 4 main sectors preprimary, primary, secondary and tertiary. In its 2016 17 budget, the government set out an ambitious spending plan to boost infrastructure, and attract private sector investment in order to grow the economy. In the context of the forthcoming national budget 20212022, the ministry of finance, economic planning and development is inviting proposals from business and trade associations, professional bodies, trade unions, ngos, civil society organisations and other stakeholders. Mauritius ministry of finance, economic planning and. The new code of corporate governance for mauritius 2016 mauritius. Pravind jugnauth delivered his first budget speech after the 2014 elections. The clean energy fund cef, one of reforming the energy visions rev three strategic pillars, is designed to deliver on new york states commitment to reduce ratepayer collections, drive economic development, and accelerate the use of clean energy and energy innovation. Several key measures such as tax holidays to boost the global business sector, were announced in the budget speech of 29 july 2016 by the minister of finance.
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