To access a portable document format pdf file you must have a pdf reader installed. The government is predicting a period of sustained budget deficits with the deficit for 2015 amounting to rs12. 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. This will be a budget that will better and more clearly reflect the proposals that make up the road map of this new government. Programme based budget estimates 20 ministry of finance. Hopefully, there will be an efficient implementation of the act in the future by the mauritius revenue authority mra. Once again, as i have the honor of presenting the budget 2015 16, i bow my head before allah swt for. Unemployment unemployment rate in mauritius has fallen to 7. The 2015 budget statement and economic policy of the government of. Read the deloitte mauritius report to learn about the key fiscal and budgetary measures that address structural challenges to drive growth. Aug 10, 2015 following the announcement made in the budget speech 2015 2016, the customs act 1988 has been amended to provide for the deferred payment of customs duties and taxes at importation for smes and other vat registered persons. 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 201516 along with the budget speech. Government has taken bold and proactive measures and is continuously devising new policies to further transform mauritius into a sophisticated and attractive financial centre.
You will note that these budget proposals may be subject to amendments during parliamentary debates. Mauritius releases 2014 budget executive summary on 8 november 20, mauritius minister of finance and economic development released the countrys 2014 budget. The upward change was driven by an increase in the budget for. 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. About overview philosophy and approach history governance membership and partners secretariat careers tenders. Budget speech 20192020 mauritius tourism authority. This constitutes a nominal increase of 27% and a real increase of 4%, from the previous year. Budget speech of fiscal year 2015 16 delivered to legislatureparliament of the constituent assembly by honorable finance minister dr. Turning to livestock, its production expanded robustly owing to. Our experts will share their insights before and after the budget announcement. Republic of mauritius supplement to the budget speech 2015 2016. 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.
Medium term budget policy statement by the minister of finance october 2016. Ram sharan mahat tuesday 14 july 2015 government of nepal ministry of finance 2015. Indian railway budget speech 201516 speech of shri suresh. Madam speaker, this government is clearly delivering on its commitment. Budget insight 201920 economic development board mauritius. 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. Mauritius and other stakeholders will work on a marketing and promotion. And the budget deficit for the financial year 2015 16 is estimated at 3.
The budget presented in 2015 laid emphasis on making the sme sector. The last four budgets have enabled mauritius to make significant strides towards realising its vision of a modern and inclusive high. Budget of the currentterm government with a thankful heart. Duties and responsibilities in management of public finance amended volume i duties and responsibilities in management of public finance. Mauritian economy to be able to surf on the high waves of innovation. Get latest updates on live budget news, budget 2014 date, budget highlights, and indian railway budget, income tax. Government is now urging the private sector to address the issue of pricing for the. 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. I am also tabling the budget plan and the accompanying documents. 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. Suffice to say that the minister has been agile and imaginative in his delivery to set a new path for higher growth. Graduate workreadiness challenges in mauritius springerlink. Mauritius new fiscal year but no tax increases kpmg global. Tanzania budget speech 201718 tralac trade law centre.
Government programme 2015 2019 achieving meaningful change address by the president of the republic of mauritius tuesday 27 january 2015. In his inaugural speech of the 11th parliament on 20th november, 2015, his excellency, dr. He also brings a revised agenda for business facilitation and reforms thus. 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. Issuance of government of mauritius treasury bills. 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. Mauritius continues to play a strategic role as a trusted and fully compliant international financial centre. 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. This was for the first time that the railway budget.
Infrastructure projects and the fight against poverty continue to occupy centre stage. Mauritius budget 20182019 technical analysis and synopsis. Read the full budget speech, given by finance minister nhlanhla nene, below. Volume i duties and responsibilities in management of public finance. Mauritius, whilst that of democratic republic of congo and liberia. 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.
And the budget deficit for the financial year 201516 is estimated at. 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 2015 budget statement and economic policy of the government of ghana. Budget analysis leading the mauritian economy in a. 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. Budget insight 201920 presentation of the national budget 20192020 on 10th june 2019. 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. In july 2016, with the assistance of undp, government concretely launched the marshall plan against poverty. Budget 2014 2015 is the budget of a government in action. Finance minister arun jaitley presented modi governments postdemonetisation budget on wednesday. 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. Financial statement ministers speech online pdf download summary of 2011 budget measures policy changes pdf.
The budget funds and facilitates the frame and the plinths of national development. The 2017 household budget survey of statistics mauritius shows a significant reduction in relative poverty whilst income inequality has also decreased. Duties and responsibilities in management of public finance amended volume i duties. This is the full 2015 nigerian budget speech updated.
What will the 2020 budget speech mean for you and your business. This is the third budget of the minister of finance and economic development under the present government. Honourable speaker i have the honour to present the first budget of our fifth democratic parliament. The newly elected mauritian government presented a no tax budget for 20152016 on 23 march 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. Republic of botswana 2015 budget speech by honourable o. 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. Mauritius mur12,979 south africa mur14,793 singapore mur58,821 education expenditure per capita sources. Mauritius reduces statute of limitations for income tax.
The finance minister delivered his budget speech in the context of considerable hopes, challenges and uncertainties. Since this is the first budget presentation after the election of a new parliament, that is, the 11th. We have had wide consultations with stakeholders while preparing the budget and have heard a rich diversity of views. John maynard keynes said that men love security and money more, and creation and construction less, as. Budget 2011 documents published on 7th of december 2010 are available below. Whether the minister has been able to meet these aspirations will be a debate for the next few days. 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. Agreement iepa with the eu, madagascar, mauritius, seychelles. Expectations for this year s budget were high from stakeholders and the population in general. The experience of countries like mauritius that have. Presentation on the new scheme for deferred payment of. A tax pocket guide can be obtained from your nearest sars branch. Mauritius has also received an impressively high level of rs 70.
Budget 2015 contents page summary of 2015 budget measures policy changes a. I rise to present before this august house the statement of estimated receipts and expenditure for 2015 16 for indian railways. 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. Mr speaker sir, the formulation of the 2015 national budget comes at a. These values will always be mainstreamed in our policies and national development plans to guide our attitudes and aspirations. These accomplishments have been possible thanks to our dedicated staff at the ministry and our valuable partners namely the national. 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 tax guide for 2016 for the 2017 year of assessment 1 march 2016 28 february 2017 please note. We are particularly in tune with the expectations of the less fortunate and most vulnerable. The economic backdrop macroeconomic overview labour force and unemployment public finance performance of the traditional pillars. 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. The 2017 household budget survey of statistics mauritius shows a significant reduction in relative poverty whilst.
A number of pro poor measures were initiated to efficiently address the root causes of poverty. Dean barrow prime minister and minister of finance, labour, local government. 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. 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. Ministry of finance and economic developmentnational budget 20 budget speech 20. I am indebted to you all, and appreciate fully that various sectors of the community have different needs and aspirations. Historical budget documents are available for reference purposes. Creche child day care centres voucher scheme for poor families. It has been prepared after wide consultations with various organizations and people. Budget speech by the minister of finance february 2016. Madam speaker, i would like to announce here that i am circulating a supplement to the budget speech that includes a. The much awaited budget speech 20162017 was delivered this friday by the new minister. Click here to download the complete set of the 201516 budget for offline reading. 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.
The budget year falls within the target year 2015 for. Scroll down to the very end of the text below to download or read it. Budget speech 2015 16 bismillahirrehmanirrahim parti mr. In the past ten years, recurrent expenditure as been increasing h. Jan 27, 2015 government programme 2015 2019 achieving meaningful change address by the president of the republic of mauritius tuesday 27 january 2015.
Fmpa 2015 was the amending legislation and did provide that the amendment will come into force on a date to be fixed by proclamation. 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. Mauritius at the crossroad extracts of budget speech 2015. Budget speech 20152016 supplement to the budget speech 20152016. Matambo minister of finance and development planning delivered to the national assembly on 2nd february 2015 website. 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. Over the past few weeks, the public has engaged in extensive discussions and expressed diverse opinions on the budget. If you do not already have such a reader, there are numerous pdf readers available for free download or for purchase on the internet. 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. 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. Forecast shows a rebound in economic activities with growth rate rising to 5.
Mauritius budget 2015 highlights the first national budget of the newly elected government was presented by the minister of finance and economic development, mr vishnu lutchmeenaraidoo on 23 march 2015. The mauritius national budget speech for 201617 was delivered by hon. 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. Unlike his first budget, this budget does not have significant fiscal reforms.
Government programme 2015 2019 achieving meaningful change. This evening, budget 2014 is about creating the next wave of prosperity to build a better mauritius. The prime minister, honourable pravind kumar jugnauth will present the national budget 20192020 on monday 10th june 2019. At the outset, i wish to express my gratitude to the people of the state for the trust they have reposed. Revenue proposals, including customs and excise duties, c.
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. Political parties in parliament agree that finance minister malusi gigaba will have an unenviable task when he delivers the budget today. This supplement provides the economic and social backdrop to the measures and policies of budget 2015 2016. 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. Going forward, we will further build on this robust momentum. Mauritius, whilst that of democratic republic of congo and liberia covered. Ministry of finance, economic planning and development. Mauritius budget 2015 highlights deloitte mauritius.
688 455 1335 1586 888 92 682 1590 977 233 592 1001 993 708 728 1056 1237 644 1345 1193 1091 40 481 440 1444 1319 389 1055 1148