| Honourable Pravind Kumar Jugnauth, the newly appointed Minister of Finance and Economic Development presented his budget on the 29th July 2016.
Against the backdrop of a sluggish global economy imbued with uncertainties, the Government has put forward bold measures that are expected to give new impetus to the local economy. This year’s budget rests on ten key strategies; entrepreneurship, business facilitation, innovation, job creation, public sector reform, macroeconomic stability and sound public finance, social upliftment as well as eradication of poverty remain high on the agenda. In addition, the Government also pledges an unfaltering commitment to put in place the right infrastructure, including a coherent and comprehensive digital ecosystem, which is pivotal to the development of the island nation’s economy.
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