| Budget 2020/2021: A Robin Hood-esque Act
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| | The Covid-19 pandemic crisis is not in our rearview mirror yet and has left the world in tatters, leaving sharp dents in the global economy. As countries around the world are preparing to exit the Great Lockdown and bring back a sense of normalcy among its people, policy makers have been called to the drawing board in a bid to find strategies to counter the worst recession since the Great Depression.
The Minister of Finance, Economic Planning and Development, Dr. the Honourable Renganaden Padayachy presented the National Budget 2020/2021 on 4 June 2020 - a budget dubbed by many as historic for it aims at tackling the systemic issues that emanated from the Covid-19 crisis whilst maintaining the social fabric. The maiden budget speech delivered by the minister was certainly marked by his advocacy of a fairer wealth distribution and his sheer determination to close the income gap inequality among the Mauritian population.
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| | DISCLAIMER The information in this e-newsletter was prepared by Intercontinental Trust Limited to provide potential clients with a broad overview of the opportunities available in Mauritius. While all reasonable care has been taken in the preparation of this e-newsletter, Intercontinental Trust Limited accepts no responsibility for any errors it may contain, whether caused by negligence or otherwise, or for any loss, however caused, sustained by any person that relies on it. Readers are advised to consult with appropriate, qualified professional advisors before taking action. Intercontinental Trust Limited will be pleased to discuss any specific issues.
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