The national budget must not only reflect the development goals of Government but must also and most importantly, echo the aspirations and priorities of the citizens of the Republic of Mauritius. In the context of the preparation of the forthcoming Budget, the Ministry of Finance and Economic Development has, in a press communique issued today, invited people from all walks of life, Business and Trade Associations, Professional Bodies, Trade Unions, NGOs, Civil Society Organisations and other stakeholders to contribute their ideas and suggestions.
The priorities of the 2019/2020 Budget focus on expanding and modernising the infrastructure; dealing with the challenges facing the sugar and manufacturing sectors, including textiles; investing in new pillars of growth, in particular, AI technologies; and encouraging a new culture of entrepreneurship.
The forthcoming Budget also aims at further opening up and integrating the economy with the rest of the world; investing in the education, training and other skills needed by the youth; addressing the impact of demographic change; promoting gender equality; promoting a more inclusive and equitable society and further addressing the problem of poverty; and building greater resilience to the impact of climate change.
In its communique, the Ministry of Finance and Economic Development highlights that the country and the population at large are enjoying the fruits of strong, effective and appropriate economic, social and environmental policies. It is noted that economic growth is resilient, the unemployment rate is falling, inflation is under control, poverty is declining, income inequality is being reduced and the country's infrastructure is being modernised. According to the Ministry, these achievements have been possible due to the cooperation and dedication of the population and all stakeholders.
Source: Republic of Mauritius