BIZweek n°244 11 jun 2019
BIZweek n°244 11 jun 2019
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  • Parution : n°244 de 11 jun 2019

  • Périodicité : hebdomadaire

  • Editeur : Capital Publications Ltd

  • Format : (260 x 370) mm

  • Nombre de pages : 6

  • Taille du fichier PDF : 1,4 Mo

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8905 Vivez la vie à grande vitesse Offres soumises à conditions
MARDI 11 JUIN 2019 BIZWEEK ÉDITION 244 LA TOUR BUDGET 2019-2020 THE KEY MEASURES The Minister of Finance announced a series of social and economic measures. The Basic Retirement Pension (BRP) will increase by Rs 500 as from January 2020. Subsidy on the prices of rice, flour and LPG will be maintained. Public Companies and Statutory Bodies will be required to have at least one woman on their board of directors. New legislations will be introduced to setup a separate Court of Appeal, a separate Land Division of the Supreme Court and a Children’s Court. The price of mogas, diesel and cylinder of cooking gas are to decrease as from today… Further key measures are highlighted below. An economic review by the Minister of Finance, Pravind Jugnauth, denotes that almost all indicators are on the green. For instance, real GDP (Gross Domestic Product) has been increasing at an annual average rate of 3.7 percent since 2015 and is on a rising trend. The growth rate is forecast to rise further to 3.9 percent this year and 4.1 percent in 2020. « In fact, our GDP will pass the half trillion rupee mark this year », said the Minister of Finance. Furthermore, the construction industry is now one of the fastest growing sectors of the economy. The industry grew by 9.5 percent in 2018 and is expected to maintain its regained dynamism. Unemployment and inflation are under control. The first one is at its lowest level since 2001 while the average annual inflation rate for the period 2015 to 2018 is only 2.3 percent. Total investment as a ratio of GDP is expected to break the Rs 100 billion mark for the first time in 2019. Moreover, the country has benefitted from Rs 70.5 billion of foreign direct investment during the four-year period from 2015 to 2018. We have also generated a Balance of Payments surplus of Rs 91 billion. Now to some of the key measures of the present Budget. Focus on innovation The Université des Mascareignes will offer a Masters in Artificial Intelligence (AI) and Robotics in collaboration with Université de Limoges and Université de Nice. HRDC will setup a 6-month AI Skills Development Programme for 100 students with the support of the local universities and international experts. Some 11,000 families, who are on the Social Register of Mauritius (SRM), will be given totally free access to Broadband Internet. This will be funded jointly by Government and Mauritius Telecom. The Ten Avenues for a brighter future Like last year, the Minister of Finance focused on ten pillars which will help « Embrace a Brighter Future Together as a Nation. » These are : Strengthening the pillars of economic growth. Consolidating the productive sectors while shaping a more democratised economy. Expanding our economic space while deepening regional integration. Building the infrastructure that matches our development vision. Deepening our national reformagenda. Reaching a higher social development path with a focus on gender mainstreaming and improving quality of life. Promoting a safer and more secure living environment. Facing the challenge of climate change and further building the resilience of our environment. Building stronger foundations for the infrastructural development of Rodrigues, Agalega and Outer Islands. Securing sound public finances and sustainable debt. Cont’d on page 4 3

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