Budget speech 20152016 supplement to the budget speech 20152016. Mauritius continues to play a strategic role as a trusted and fully compliant international financial centre. Mauritius has also received an impressively high level of rs 70. Budget, i wish to emphasize that zambia is and will remain a christian nation whose values, principles and ethics in all aspects of life are anchored on our covenant with god. The last four budgets have enabled mauritius to make significant strides towards realising its vision of a modern and inclusive high.
In july 2016, with the assistance of undp, government concretely launched the marshall plan against poverty. Madam speaker, this government is clearly delivering on its commitment. Going forward, we will further build on this robust momentum. Budget 2015 contents page summary of 2015 budget measures policy changes a. Mauritius releases 2014 budget executive summary on 8 november 20, mauritius minister of finance and economic development released the countrys 2014 budget. Medium term budget policy statement by the minister of finance october 2016. Duties and responsibilities in management of public finance amended volume i duties. Budget 2014 2015 is the budget of a government in action. Click here to download the complete set of the 201516 budget for offline reading. Honourable speaker i have the honour to present the first budget of our fifth democratic parliament. The 2017 household budget survey of statistics mauritius shows a significant reduction in relative poverty whilst income inequality has also decreased. We are pleased to invite you to view our budget brief, based on the budget speech 2015 delivered by the honourable seetanah lutchmeenaraidoo, minister of finance and economic development. John maynard keynes said that men love security and money more, and creation and construction less, as. You will note that these budget proposals may be subject to amendments during parliamentary debates.
Unemployment unemployment rate in mauritius has fallen to 7. Duties and responsibilities in management of public finance amended volume i duties and responsibilities in management of public finance. Another reason is that, in this same week that this budget is being presented, the european commission is expecting from us the framework of another budget for the year 2014. I am also tabling the budget plan and the accompanying documents. Mauritius budget 20182019 technical analysis and synopsis. The budget presented in 2015 laid emphasis on making the sme sector. Assam budget 2015 16 presentation of budget 2015 16 by finance ministerhonble cm on 10th march honble speaker sir, with your kind permission, i rise to present the budget of the government of assam for the financial year 2015 16.
Budget speech of fiscal year 2015 16 delivered to legislatureparliament of the constituent assembly by honorable finance minister dr. The upward change was driven by an increase in the budget for. Hopefully, there will be an efficient implementation of the act in the future by the mauritius revenue authority mra. Expectations for this year s budget were high from stakeholders and the population in general. In his inaugural speech of the 11th parliament on 20th november, 2015, his excellency, dr. Budget tax guide for 2016 for the 2017 year of assessment 1 march 2016 28 february 2017 please note. Dean barrow prime minister and minister of finance, labour, local government, rural development, public service, energy and public utilities belmopan, belize friday, march 15, 2019. The economic backdrop macroeconomic overview labour force and unemployment public finance performance of the traditional pillars. I am indebted to you all, and appreciate fully that various sectors of the community have different needs and aspirations. Mauritius at the crossroad extracts of budget speech 2015. Since this is the first budget presentation after the election of a new parliament, that is, the 11th. Government programme 2015 2019 achieving meaningful change. The newly elected mauritian government presented a no tax budget for 20152016 on 23 march 2015. Agreement iepa with the eu, madagascar, mauritius, seychelles.
Programme based budget estimates 20 ministry of finance. Reading between the lines budget 2014 november 20 tax administration the introduction of the tax administration bill is a positive step towards a better tax administration in line with other developed tax jurisdictions. Republic of botswana 2015 budget speech by honourable o. This was for the first time that the railway budget. Mr speaker sir, the formulation of the 2015 national budget comes at a. Creche child day care centres voucher scheme for poor families. Annex 1 explanatory notes on provisions to be included in finance bill and the economic and financial measures bill and regulations,and on other budget. The experience of countries like mauritius that have.
The prime minister and minister of finance and economic development, pravind jugnauth this evening presented the 201920 budget speech entitled embracing a brighter future together as a nation. The mauritius national budget speech for 201617 was delivered by hon. A number of pro poor measures were initiated to efficiently address the root causes of poverty. The finance minister delivered his budget speech in the context of considerable hopes, challenges and uncertainties.
Document in this edition, we hereby reproduce the full text of the budget speech 2015 delivered at the national assembly on friday, 19 december, 2014 by the minister of finance and economic affairs. Indian railway budget speech 201516 speech of shri suresh. In line with our commitment to a policy of transparency, we are circulating a supplement entitled the economic and social backdrop to budget 201516 along with the budget speech. Mauritius reduces statute of limitations for income tax. The government is predicting a period of sustained budget deficits with the deficit for 2015 amounting to rs12. If you do not already have such a reader, there are numerous pdf readers available for free download or for purchase on the internet. Scroll down to the very end of the text below to download or read it. Ministry of finance and economic developmentnational budget 20 budget speech 20. The budget year falls within the target year 2015 for. This is the third budget of the minister of finance and economic development under the present government. This constitutes a nominal increase of 27% and a real increase of 4%, from the previous year. 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. Government has taken bold and proactive measures and is continuously devising new policies to further transform mauritius into a sophisticated and attractive financial centre. Government programme 2015 2019 achieving meaningful change address by the president of the republic of mauritius tuesday 27 january 2015.
About overview philosophy and approach history governance membership and partners secretariat careers tenders. Graduate workreadiness challenges in mauritius springerlink. Last year, in my budget speech, i spoke about my vision of a new era of development a vision of a society without any families living in absolute poverty, where there will be. What will the 2020 budget speech mean for you and your business. In the past ten years, recurrent expenditure as been increasing h. This budget alert is based on the budget speech presented to the national assembly by the prime minister, minister of home affairs, external communications and national development. Dean barrow prime minister and minister of finance, labour, local government.
To access a portable document format pdf file you must have a pdf reader installed. The prime minister, honourable pravind kumar jugnauth will present the national budget 20192020 on monday 10th june 2019. Mauritius national budget 2015 16 4 the government is embarking on a new journey for reviving the economy and this years budget unveils a series of measures, carving out the right strategies to shape a longrange vision for a more sustainable future. Jan 27, 2015 government programme 2015 2019 achieving meaningful change address by the president of the republic of mauritius tuesday 27 january 2015. Unlike his first budget, this budget does not have significant fiscal reforms. Over the past few weeks, the public has engaged in extensive discussions and expressed diverse opinions on the budget. Please note that due to the age of these documents they may not meet current web publishing requirements and may not be compatible with some software. Budget 2011 documents published on 7th of december 2010 are available below. Budget speech 20192020 mauritius tourism authority. Mauritius and other stakeholders will work on a marketing and promotion. Government is now urging the private sector to address the issue of pricing for the. These accomplishments have been possible thanks to our dedicated staff at the ministry and our valuable partners namely the national. Tanzania budget speech 201718 tralac trade law centre. This supplement provides the economic and social backdrop to the measures and policies of budget 2015 2016.
Mauritius mur12,979 south africa mur14,793 singapore mur58,821 education expenditure per capita sources. Political parties in parliament agree that finance minister malusi gigaba will have an unenviable task when he delivers the budget today. Budget insight 201920 presentation of the national budget 20192020 on 10th june 2019. Revenue proposals, including customs and excise duties, c. And the budget deficit for the financial year 2015 16 is estimated at 3. Income tax in the last budget and the minimum wage this year, we have no doubt created new dynamics and increased the purchasing power of those at the lower end of the economic ladder. Budget 2015 leaflet buisead 2015 bileog summary of budget 2015 taxation measures policy changes achoimre ar bhearta bhuisead 2015 athruithe beartais taxation annex to the summary of 2015 budget measures economic and fiscal outlook 2015. Mauritius budget highlights 201920 3 kpmg view the prime minister and minister of finance and economic development, pravind jugnauth this evening presented the 201920 budget speech entitled embracing a brighter future together as a nation.
Issuance of government of mauritius treasury bills. Ministry of finance, economic planning and development. Read the deloitte mauritius report to learn about the key fiscal and budgetary measures that address structural challenges to drive growth. Finance minister arun jaitley presented modi governments postdemonetisation budget on wednesday. Budget insight 201920 economic development board mauritius. With the country aspiring to become a highincome economy, it is evident that graduate workreadiness is even more pertinent for the socioeconomic development of mauritius as a small island developing state sids. The first one covers the six months from january to june 2015 and the second one covers the 12 months period from july to june 2016. Madam speaker, i would like to announce here that i am circulating a supplement to the budget speech that includes a.
Mauritius, whilst that of democratic republic of congo and liberia. Mauritius, whilst that of democratic republic of congo and liberia covered. Republic of mauritius supplement to the budget speech 2015 2016. And the budget deficit for the financial year 201516 is estimated at. Ram sharan mahat tuesday 14 july 2015 government of nepal ministry of finance 2015. Uganda budget speech 20152016 takeaways education remains a strategic sector and accounts for one of the largest expenditures, but in the fy 20172018 budget lost the position of the largest sector by budget allocation to infrastructure. Madam speaker, i have the honour this afternoon to present to the national assembly budget proposals for the financial year 2015 2016. In line with our commitment to a policy of transparency, we are circulating a supplement entitled the economic and social backdrop to budget 2015 16 along with the budget speech.
Infrastructure projects and the fight against poverty continue to occupy centre stage. In fact, there are sections of the society who would wish me to do so, so angry are they at the travesty that has passed for government. Our experts will share their insights before and after the budget announcement. Forecast shows a rebound in economic activities with growth rate rising to 5. This is the full 2015 nigerian budget speech updated. The 2015 budget statement and economic policy of the government of ghana. Budget of the currentterm government with a thankful heart. The 2017 household budget survey of statistics mauritius shows a significant reduction in relative poverty whilst. Mauritius new fiscal year but no tax increases kpmg global. Mauritius budget 2018 2019 14 june 2018 charting towards a highincome, inclusive society the finance minister, honourable pravind kumar jugnauth delivered his third budget speech, fourth of the present government, with the overall objective of further transforming mauritius into a highincome inclusive economy. He also brings a revised agenda for business facilitation and reforms thus. Get latest updates on live budget news, budget 2014 date, budget highlights, and indian railway budget, income tax. Budget analysis leading the mauritian economy in a. 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.
Budget speech 2015 16 bismillahirrehmanirrahim parti mr. Fmpa 2015 was the amending legislation and did provide that the amendment will come into force on a date to be fixed by proclamation. We are particularly in tune with the expectations of the less fortunate and most vulnerable. These values will always be mainstreamed in our policies and national development plans to guide our attitudes and aspirations. At the outset, i wish to express my gratitude to the people of the state for the trust they have reposed.
Historical budget documents are available for reference purposes. Indian railway budget speech 2015 16 speech of shri suresh prabhakar prabhu introducing the railway budget for 2015 16 on 26th of february, 2015 madam speaker, 1. Turning to livestock, its production expanded robustly owing to. Budget speech 201516 03 mar 2015 the minister of finance senator martin dlamini has presented the 2015 16 national budget with emphasis on a strong and resilient economy, macroeconomic stability, private sector competitiveness, expanding trade and industry, agricultural modernisation and enhancing natural resource management. Mauritian economy to be able to surf on the high waves of innovation. Once again, as i have the honor of presenting the budget 2015 16, i bow my head before allah swt for. Read the full budget speech, given by finance minister nhlanhla nene, below. The budget office finally released the full transcript of the 2015 budget speech which is much more comprehensive than the one earlier put up here.
I could easily have resorted to political bacchanal, picong and rhetoric, and the statement could have taken the form of a fiery campaign speech on a political platform. Whether the minister has been able to meet these aspirations will be a debate for the next few days. Suffice to say that the minister has been agile and imaginative in his delivery to set a new path for higher growth. Presentation on the new scheme for deferred payment of. We have had wide consultations with stakeholders while preparing the budget and have heard a rich diversity of views. Volume i duties and responsibilities in management of public finance. Mauritius budget 2015 highlights deloitte mauritius. Financial statement ministers speech online pdf download summary of 2011 budget measures policy changes pdf.
I rise to present before this august house the statement of estimated receipts and expenditure for 2015 16 for indian railways. These ceilings have been worked out on the basis of the indicative estimates for fiscal years 201617 and 201718 that were published in the 2015 16 budget documents. Matambo minister of finance and development planning delivered to the national assembly on 2nd february 2015 website. The budget funds and facilitates the frame and the plinths of national development. Health budget brief the health sector received a budget of mk103 billion for the 201617 financial year, amounting to approximately 9% of the total budget. This evening, budget 2014 is about creating the next wave of prosperity to build a better mauritius. It has been prepared after wide consultations with various organizations and people.