The edf may also be downloaded from the mra website. Both moodys and the imf have praised our economic performance as being strong and resilient. Budget 2016 announces a further freeze to fuel duty, meaning the average small business with a van saves. The mauritius national budget speech for 201617 was delivered by hon. Mauritius issues 2016 budget executive summary on 29 july 2016, the mauritian minister of finance and economic development, the hon. The thrust of last years budget has allowed us to build a strong framework for economic revival. Highlights of budget, union budget 201617, railway budget 2016, economic survey 2016. Review of the budget 201617 the resource availability during 201617 had been estimated at rs 4,442 billion. Human resource management policy framework and manual. However, experience from past budget initiatives, such as the electronic. Madam speaker, this government is clearly delivering on its commitment.
The fao governing bodies have expressed strong and consistent support during 2015 for continuity in the strategic direction of the organization in order to realize the full impact of the strategic framework. The 2017 household budget survey of statistics mauritius shows a significant reduction in relative poverty whilst income inequality has also decreased. While formulating this budget, i have been guided by the fundamental rights of the citizens and the directive principles of the constitution of nepal, governments policy and programs for fy 201617, and valuable suggestions received from honorable members of the parliament on my. The newly elected mauritian government presented a no tax budget for 20152016 on 23 march 2015. Get latest budget news, budget highlights, arun jaitleys budget speech, headlines on railway and union budget 20162017, budget impact, exclusive coverage of budget 2016 news, india union budget 20162017, budget. Budget highlights 201819 3 budget snapshot this governments fourth budget entitled pursuing our transformative journey was delivered with a deep sense of enthusiasm and optimism. Iso 14001 set out the criteria for an environmental management system and can be certified to. Public finance mehtab aly senior manager a year ago, the economy was predicted to grow by 5. Departmentwise expenditure for bihar budget 201617 in rs crore. In his budget speech, suresh prabhu made the point that the government wanted to provide to the citizens a rail system that they can be proud of a system free from capacity constraints, a system that is efficient and predictable, a system that is sparkling and. Click here to download the complete set of the 201516 budget for offline reading. While the island is famous among resort tourists and honeymooners, it is possible to enjoy the beauty of mauritius on a budget. Here ill show you what to do and where to go to make the most of your time there with just a backpackers budget. Highlights of budget, union budget 2016 17, railway budget 2016, economic survey 2016.
The budget 201617 continues the clear direction and principles laid out in the council plan 202017. Madam speaker, i have decided that budget 201617 must. The minister for railways, suresh prabhu, presented the railway budget for the year 201617. On receipt of edfs from employees, the employer should ensure that the forms are duly completed and. On 22 march 2016, federal finance minister bill morneau tabled his first budget budget 2016. Post preliminary budget adjustments exhibit a 837 board changes 845 budget resolutions and appropriation limits exhibit 3 846 agencydepartment organization charts 859 summary by agency budget unit 883 county of ventura fiscal year 201617 adopted budget iv table of contents internal service funds special districts. On 29 july 2016, the mauritian minister of finance and economic development, the hon. Economic diversification for a green and climate compatible. Operating budget in developing your fy 201617 proposed budget and multiyear capital plan, as in fy 2015. The following budget calendar for preparation of the 201617 budget was adopted by the gng bovernioard at its february 2, 2016 meeting. Pravind kumar jugnauth presented the budget speech the budget to the national assembly.
The budget 20162017 is a unique opportunity to transform our economic model in line with. The prime minister and minister of finance and economic development, pravind jugnauth this evening presented the 201920 budget speech. Mauritius will be based to transform the economy are namely, a revamped and dynamic manufacturing base, the development of the ocean industry and the revisiting of the services sector. Thus, the theme for 201617 budget of the east african community partner states is industrial gowth for job creation. In mauritius, using this model, it is essential for us to leverage on our geopolitical advantage to become a hub for investors from asia and europe into the african region and attract multinational companies to invest in the productive sectors of the economy.
It was presented on the backdrop of slowdown in the economic growth along with high levels of unemployment. Budget for fy 201617 is dedicated to commemorate these historic events and in fulfilling the aspirations of the people of bhutan towards achieving sustained economic growth, peace and prosperity in the country. As per the world banks classification, mauritius graduated to the upper. The national budget 20162017 focuses on ten key strategies. Pravind jugnauth delivered his first budget speech after the 2014 elections. Programme budget 20182019 world health organization. In line with the minister of finances 201617 national budget speech and also taking into account the current fiscal framework, the bokone bophirima province has also agreed to a joint action plan to eliminate wastage and inefficiencies as well as service delivery improvement challenges. 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.
In 2016 17, out of a projected public capital expenditure of rs35bn. Ministry of local government and outer islands mauritius. The creation of the economic development board, elicensing business platform, and public institution reforms, are welcome. Budget speech 201617 a new era of development madam speaker, i move that the appropriation 201617 bill be read a second time. The upward change was driven by an increase in the budget for. Where a person is registered as an employer in the course of an income year, the forms will be provided to him at the time of registration. Where the undergraduate course is pursued outside mauritius, the threshold is being increased from rs 5,000 to rs 200,000. Realigning expectations budget highlights 201617 realigning expectations budget 201617 the mauritius finance minister hon pravind jugnauth, delivered the 20162017 budget speech entitled a new era of development on friday 29 july 2016. For 201617, the budget deficit is expected to decline to rs20bn i. Relations, employment and training for the financial year 201617 following amendments made to the finance and audit act in march 2015. The minister has widely consulted with the key stakeholders and the budget proposal reflects some of their recommendations. It provides explanatory detail for all aspects of the universitys operatingbudget. Unemployment unemployment rate in mauritius has fallen.
This constitutes a nominal increase of 27% and a real increase of 4%, from the previous year. In budget 2016 17, the sme development certificate was extended to sole traders and cooperatives. The 2016 budget statement and economic policy of the government of. Supplement to the budget speech 20162017 ministry of finance. Get latest budget news, budget highlights, arun jaitleys budget speech, headlines on railway and union budget 2016 2017, budget impact, exclusive coverage of budget 2016. Mauritian economy to be able to surf on the high waves of innovation. The 2016 2017 budget contains various measures to boost the economy in the midst of major challenges facing mauritius. New budgetary measures as announced in the budget speech aim to further increase the mauritian gdp growth to 4. Live budget news et brings you 360 degree coverage of the budget 201617. Bihar budget analysis 201617 prs legislative research. We are expecting the growth rate to rise further to 4. The plan was established by the current council in 20 and outlines the projects and services this council has committed to delivering to the community. Indian budget 201617 declared on 29th february, 201617.
Mauritius new fiscal year but no tax increases kpmg global. Mauritius national budget 201516 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. Live budget news et brings you 360 degree coverage of the budget 2016 17. This project aims mainly at exports to the african market and has the potential for creating a significant number of. For this honour and privilege i must thank god, who is responsible for all things, the people of trinidad and tobago, who placed their confidence in us, and our prime minister who had sufficient confidence in. The health assembly subsequently adopted resolution wha70. Madam speaker, i have not an iota of doubt that mauritius is at a major crossroad. This budget does not have any significant tax rate changes.
In 201617, out of a projected public capital expenditure of rs35bn, only rs24bn was spent, meaning an implementation rate of 69%. Indian budget 201617, excise duty tariff changes, chapter wise. This was against a backdrop of prolonged uncertainties in the eurozone, the recent confirmation of brexit and a more complex local context. As expected, this years budget is a continuation of the vision to transform mauritius into a high income economy. Office for budget responsibility, 2016 17 forecast. This was the first budget of the minister under the present regime. Madam speaker, i have decided that budget 201617 must indeed be about. This size was higher by 10% than the size of budget 201516. The virtuous economic cycles that i pledged in my 201617 budget are now firmly anchored in our growth path. A budget high on the social acceptability scale with an out of the box national debt reduction strategy. The mauritius finance minister, hon pravind jugnauth, delivered the 20162017 budget speech entitled a new era of.
Budget 201617 while keeping in mind fiscal prudence, growth and macroeconomic stability. As has happened in mauritius, singapore and a few other countries. I would like to begin by thanking the prime minister for. Audit act and the capital project process manual will be amended and the project. One of the key priorities in th e 2016 17 biennium will be to help. Mauritius budget 201617 analysis the budget 201617 for the mauritius economy was presented by the finance minister on july, 29, 2016. Mauritius budget 20182019 technical analysis and synopsis. The 20162017 budget contains various measures to boost the economy in the midst of major challenges facing mauritius. For 201617, the budget deficit is expected to decline to rs20bn. The proposed programme budget 20182019 was presented to the seventieth world health assembly in document a707 in may 2017. Regular budget account and working capital fund purpose of the document this paper provides information on the position of 201617 income and expenditure as at 30 september 2017 together with the status of contributions by member states at this date. This is the first report on the performance of the ministry and has been prepared according to guidelines issued by the ministry of finance and economic development. Let me first of all draw the attention of the nation on some fundamental realities and questions that have cropped up my mind. Based on this, development budget for 201617 has been significantly increased to 40 percent of the total budget compared to an average of 25 percent in previous years.
Ministry of finance, economic planning and development guidelines for the 201617 national budget 9 costed based on parameters used in formulating the national budget, the alignment of mgds to the national budget is not simply a mere coincidence, rather a necessary vehicle through which annual mgds targets and goals are met. Also included is a narrative description of all revenue sources and a description of major financial policies. From april 2000 to december 2015, cumulative fdi inflows from mauritius stood at usd 93. The fy 201617 budget submission manual explains how to develop your departments operating and capital budgets as well as the necessary assumptions to be used. It has propelled our economy to a higher growth rate of 3. The 201617 budget inbrief ministry of finance and development planning website. Today, 12th october 2015, the honourable minister for finance, edward scicluna presents the. Pravind jugnauth, minister of finance and economic development, on 29 july 2016. The percentage increase is more than 25% and this measure.
The fm, with an aim to transform india, laid down nine distinct pillars. The mauritius finance minister, hon pravind jugnauth, delivered the 20162017 budget speech entitled a new era of development. The fy 201617 is the fourth year of the 11th five year plan and is targeted. Madam speaker, i will now speak about the objectives of this budget. As of 31 may 2015, the ballarat city council was advised that the rate cap variation. Mauritius budget highlights 2016 foreword 03 2016 deloitte mauritius foreword budget 20162017 strategies for a new era of development the honourable minister of finance and economic development mr. Other taxes includes capital taxes, stamp duties, vehicle excise duties and other smaller tax receipts. Twentyninth session 8 april 2016 results and priorities for. The mauritius finance minister, hon pravind jugnauth, delivered the 20162017 budget speech. I would like to begin by thanking the prime minister for entrusting me the task of managing the finances of the nation and steering the economic development of our country. However, volume of resources decreased to rs 4,099.