Budget speech 20172018 pdf version 543 kb version html. In terms of budget outturn, gdp growth was scaled back slightly to 3. The justification of estimates for appropriations committees informs members of congress about ssas funding request, including how it will support performance goals and initiatives to improve service. This is a budget for today, but also a budget to build a better future for our. The plan and budget guidelines pbg is a government instrument for the preparation and implementation of government budget, public entities. In 2016, economic policy management in trinidad and tobago was negatively impacted by the lacklustre performance of the global economy and in particular. The budget for 201718 prioritizes public infrastructure investments, which are necessary to facilitate private sector development and enhance the. The revised estimate for capital spending in 201718 is rs 15. Property as investment to lose edge due to capping of tax break proposed in budget 2017.
During the past year, we have published some 140 statistical releases according to the prerelease. In budget 201718, the finance minister had reduced the tax rate for income between rs. The 201819 budget speech by the financial secretary, the hon paul mp chan. The first prebudget consultative meeting for budget 20192020 with trade. Annual report 201718 bank for international settlements. The survey studied the consumption pattern of the population living in private households in mauritius with a view to updating the basket of goods and services used for the computation of the monthly. As expected, this years budget is a continuation of the vision to transform mauritius into a high income economy. The annual budget is thus cast within a 3 year strategic framework which. 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. Target achievement 201718 updated social and economic data available to support policy decision making % of economic and.
Budget highlights 20182019 kpmg mauritius kpmg international. Today, 17th october 2016, the honourable minister for finance, edward scicluna presents the. Live budget news et brings you 360 degree coverage of the budget 201617. The main budget noninterest expenditure ceiling has been lowered by r26bn over the next two years almost the same as the r25bn planned last year. The budget for 201718 prioritizes public infrastructure investments, which are necessary to facilitate. The 20182019 fiscal period has been a pivotal year for business mauritius.
Mauritius expects its fiscal deficit to narrow in 201718 julyjune, while the economy is predicted to grow 4. Manual cppm to rest with the minister of finance instead of. Budget analysis embracing a brighter future together as a. The interim budget for the financial year 201920 was announced on the 1 february 2019 by the interim finance minister piyush goyal. National budget brief 201718 pwc 9 public finance cont.
The government will bear 50% of the cost of multi day trawlers longer than 55ft to encourage deep sea fishing. Private investment as a percentage of gdp went up from 12. The prime minister and minister of finance and economic development, pravind jugnauth. Mauritius budget 2020 governments development agenda online. Mauritius research council will be transformed into the mauritius research. From the board of investment mauritius enewsletter.
I will now summarize the budget estimates for 201819. Budget 2017 leaflet buisead 2017 bileog summary of budget 2017 taxation measures policy changes achoimre ar bhearta bhuisead 2017 athruithe beartais taxation annexes to the summary of 2017 budget measures economic and fiscal outlook 2017. A ninemember delegation of group executive directors from the world bank, visited mauritius from 27 april to 1 may 2019. Our aim is for mauritius to be a high income country by. This year, the ministry of finance and economic development is. Both moodys and the imf have praised our economic performance as being strong and resilient. Mauritius expects 201718 government spending to rise 15.
The national budget 20202021 will set in motion the government programme 20202024 towards an inclusive, high income and green mauritius. To obtain additional copies of this document, please contact. Mauritius budget speech 201718 tralac trade law centre. Today, 17th october 2016, the honourable minister for finance, edward scicluna presents the budget for 2017. In compliance thereto, i herewith submit the annual report of the office for the year 201718. In budget 2017 18, the finance minister had reduced the tax rate for income between rs. This exemption will be granted to all companies in. This budget has been driven by a populist push and the main purpose of it is to offer benefits to the middle class, salaried individuals, farmers, and so on.
Diligent implementation of the enunciated measures aiming to boost investment and exports, enhance productivity and efficiency as well as encourage smart technology and practices would be indispensable for mauritius to graduate to a higher growth trajectory. Debt stock as a percentage of gdp is expected to stabilise at 48. Welcome to ey mauritius en you are visiting ey mauritius en building a better working world. Revised estimates for 201718 58 61 budget measures for 201819 diversified economy 62. The purpose of the visit, was to discuss, with representatives from the government, the private sector and the civil society, the challenges and opportunities related to the countrys transition to a. Highlights statistics mauritius conducted the tenth household budget survey hbs from january to december 2017 in the republic of mauritius. 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. The economy has somewhat been in better shape than it has been over. The main budget noninterest expenditure ceiling has been lowered by r26bn over the next two years. It shows the governments social and political priorities and how the government intends to achieve these. Mauritius national budget highlights 20172018 rcci.
Some of this information is unaudited or subject to revision. The minister has widely consulted with the key stakeholders and the budget proposal reflects some of their recommendations. The finance bill 2019 approved without amendments the bill has introduced real estate investment trusts, controlled foreign company cfc rule. Bangladesh government budget 19912018 data 20192020. Medium term fiscal policy cum fiscal policy strategy statement. A budget high on the social acceptability scale with an out of the box national debt reduction strategy. Mauritius budget 20172018 tax guide kpmg mauritius. The 2016 2017 budget contains various measures to boost the economy in the midst of major challenges facing mauritius. Statistics mauritius sm is committed to provide timely, relevant and reliable statistics for effective policy and decisionmaking and for monitoring national development processes. Government has projected a small budget deficit of 3.
Social security budgetbudget estimates and related information. Annual report on performance financial year 2017 18 1. A the governments economic and fiscal policy directions. The mauritius national budget 20192020 was delivered on monday 14 june 2018. Mauritius budget 20172018 addressing structural challenges to drive growth. However, he reduced rebate under section 87a from rs. Apr 10, 2020 the national budget 20202021 will set in motion the government programme 20202024 towards an inclusive, high income and green mauritius. In addition, we are expecting the deficit to be financed by an increase of mur6. Highlights of budget, union budget 201617, railway budget 2016, economic survey 2016. Post budget 2017, get your tax affairs in order or face flak. Revised estimates for 201718 58 61 budget measures for 201819 diversified economy 62 innovation and technology 63 75. The australian government budget sets out the economic and fiscal outlook for australia and includes expenditure and revenue estimates for the current financial year, the budget year and three forward financial years.
Social security budgetbudget estimates and related. With the change in governments budget year reporting from a calendar year to a financial. How covid19 is changing consumer behaviors 16 apr 2020. Highlights of south africas national budget speech 2017. Highlights in 201718 over the past year, digital currencies and bank business models were a key focus under the theme of financial intermediation, while work on macroprudential and monetary policy frameworks, and potential coordination between these policy areas, cut across the second and third themes.
Highlights of union budget 201718 the hindu net desk february 01, 2017 11. Indeed, madam speaker, budget 201718 is about rising. Part iii provides the financial highlights for the year, an. The report highlights quick facts on public procurement contracts for the preceding year and progress made in the use of the eprocurement system eps by public bodies to carry out procurement transactions electronically. Dear investors, i am pleased to introduce the special edition of the board of investments newsletter focused on the 201718 budget presented this afternoon by honourable pravind kumar jugnauth, prime minister and minister of finance and economic development. The report highlights quick facts on public procurement contracts for the preceding. Throughout the year, many changes have been implemented, with one goal in. The budget indicates a dependency on grants, which will increase by mur5. Mauritius budget 2017 2018 addressing structural challenges to drive growth diligent implementation of the enunciated measures aiming to boost investment and exports, enhance productivity and efficiency as well as encourage smart technology and practices would be indispensable for mauritius to graduate to a higher growth trajectory. For the period 2011 to 2015, the data is on a calendar reporting year basis. Economic prospects for 2018 and mediumterm outlook. Annual report 20172018 republic of mauritius rf 162 ms iso 9001. The 20162017 budget contains various measures to boost the economy in the midst of major challenges facing mauritius. Bangladesh is expected to record a government budget deficit equal to 4.