Budget 2014: Sustained Growth to Create Jobs

10 years, 5 months ago - November 08, 2013

Brainstorm until late Thursday night at the Ministry of Finance to provide the finishing touches to the Budget 2014. Xavier-Luc Duval, Minister of Finance, will present at 17h this long-awaited budget.

According to information from Le Matinal sources close to the matter, the budget will include a series of measures to support economic growth, estimated at 3.2% for 2013, by Statistics Mauritius. Sustained growth will create jobs.

XLD recalled that the government has the heart to democratize the economy and wants Maurice to become a nation of entrepreneurs, "the real creators of wealth in our country." It will seek a formula for sustainable growth while balancing budgetary expenditure and revenue. The budget deficit, end of 2012 was estimated at 2.5% of GDP, according to the Budget Estimates 2013. Budget expenditures, projected at Rs 104.7 billion last year, add additional expenses of Rs 2.08 billion to complete government projects.

Developing Blue Economy will be a key measure. The chairman of the Joint Economic Council, Ahmed Parkar, think XLD must continue to be a facilitator for business, "reducing the barriers that exist locally and in the region in terms of connectivity." We need to reduce financing costs for companies and boost efforts to seek new markets for tourism and textiles, has he said to. Ganesh Ramalingum, president of the MCCI, feels the same way, saying that companies need a breath of fresh air.

Text by Le Matinal

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