| A transformative journey towards a brighter future
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| | 10th June 2019 was marked by the presentation of the annual budget by the Honourable Mr. Pravind Kumar Jugnauth, Prime Minister, Minister of Home Affairs, External Communications and National Development Unit, Minister of Finance and Economic Development of the Republic of Mauritius for the 4th consecutive year.
Against a backdrop of global economic warfare and challenging trade conditions, Mauritius’ economy has defied the odds with its Real GDP growth estimated at 3.9% in FY 2018/19 ahead of the IMF projections of 3.3% for the global economy for the same period. In a bid to usher in a new era of development, the Minister announced multiple measures geared at laying the foundations for a stronger, innovation-driven and more inclusive economy. Several proposed measures are aimed at the lower middle class and vulnerable sections of the community thereby boosting their purchasing power by substantially reducing taxes on a number of household items. Other measured announced include massive investments in infrastructure such as extension of the airport, new roads and dams and improving drainage system thereby creating employment and injecting new impetus into the economy. In addition, a Renewable Energy Roadmap will be devised to steer towards a greener and more sustainable economy.. |
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