Budget 2014: Key Measures
10 years, 5 months ago - November 08, 2013
There are these measures "revamped" popular, but also painful. When the Minister of Finance, Xavier-Luc Duval, presented his third Budget.
Real time summary over speech Grand treasurer, measures that will hold the most attention ...
It is a budget focused on investment and growth for a modern society. While going to a "high income economy" . 2013 is another year of fiscal management, announces the Grand treasurer at the beginning of his speech on Friday, November 8. Among the first steps include:
Banks: up to facilities for Housing Loans
The Housing Empowerment Scheme For middle-income families, with salaries up to Rs 50,000 monthly. The first payment required banks - "downpayment" - as part of a loan for the house will be reduced. Now, banks require a downpayment of 5% instead of 10%. Borrowers will have a two-year moratorium to repay the capital, while the government will guarantee 20% of the loan.
Tax Rebate for housing loans for houses under Rs 2.5 million
To better assist those wanting to buy a house, VAT will be refunded up to Rs 300,000 for any home with a value of less than Rs 2.5 million.
Families with incomes not exceeding Rs 15,000 will be eligible for Water Tank Scheme
Free architectural plans for certain types of home
For houses with an area of ??1000 to 1200 square feet, the Mauritius Housing Corporation will provide free 12 types of architectural plans to the owners.
Social housing for 1,765 families
July 1, 65 families benefit from social housing, while 576 units will be built in Henrietta, Camp mask, Pointe-aux-Sables, Mare d'Albert at sites of NHDC. Other accommodations are provided Chebel, Pointe Aux Piments, Camp Ithier, Quatre Cocos, Sebastopol and Beau Bois.
Land leased: possibility of redemption at Rs 2000 per lot
Under the Home Ownership Program, families leasehold residents can buy their lot with not more than Rs 2000. 17,000 families are affected by this measure.
The Child Protection Act amended
To better protect children, the Child Protection Act will be amended. Among the new measures of protection, Sexual Risk Orders.
Foundations of family
This conference will be organized to better protect women and children.
24 new inspectors
The Child Development and Family Welfare Unit Protection Unit of the Ministry of Gender equality will have 24 new inspectors. Finally, the home Trochetia will have two new wings.
Social Security Income Support Program for families living below the poverty line
Rs 100 million will be allocated to the Ministry of Social Security for Income Support Program for families living below the poverty line, fixed at Rs 6200. But these families must meet certain conditions to be included in the Social Register, participate in a program to find work, send their children to school. This voluntary program will last two years.
CEB: new Prepaid Meter.
The Prepaid Meter allows users to pay their electricity bills as for prepaid phone. The installation of this system will be free. A fee of Rs 100 will be paid monthly.
Subsidy of Rs 100,000 will be allocated to schools to encourage students to the art of music
Innovations to promote music. A grant of Rs 100,000 will be allocated to schools introduce students to music. More competitions will be organized national songs and Rs 5 million will be dedicated to the establishment of a national cultural troupe.
Funds to renovate the Plaza and the Forum Curepipe
Funds will be disbursed to complete Phase 2 of the Plaza and the Forum in Curepipe. In addition, Rs 10 million allocated for the renovation of the tomb of Father Laval, Ste-Croix. A Heritage Company will be responsible for ensuring the implementation of these new projects.
Licenses for private TV soon granted
The Office of the Prime minister goes ahead with the granting of licenses to operators wishing to enter the private TV. No question, however, make the news, emissions will be mainly focused on movies, entertainment and sports.
Sport: 35 scholarships awarded to promising athletes
Football: creation of a semi-professional league to ten teams at a cost of Rs 10 million
Rs 307 million for the construction of four new soccer fields
Anse Jonchée, Pool, Gazebo and Glen Park will soon have their own football field. It is also about improving the lighting system in the football field. On the other hand, Rs 250 million for the construction of two complexes located in Triolet and The Source.
Para
National competitions are held annually for disabled
Tax measures:
Appliances like air conditioners will be taxed more because consume a lot of electricity
More taxes on biopesticides.
The tax on alcohol and tobacco increased by 5%
30% tax on fireworks
Income Tax
Tax rates raised Rs 5000
The calculation of a special tax on banks will be reviewed
Training of doctors abroad
40 doctors will benefit from training in London and Bordeaux for Primary Health Care.
Treatments for diabetes and cancer
A Diabetes Registry Centre will emerge. The goal: to improve the treatment, finding appropriate measures and recruit physicians specializing in the field. To treat cancer, the program is also a National Cancer Agency.
Treatment abroad
The amount allocated to complicated treatments that require traveling abroad increased from Rs 500,000 to Rs 800,000.
Increase in pension for the elderly
The Basic Retirement Pension will be revised upwards. For those aged 60 to 89 years, it will be Rs 3623. For those aged 90 to 95 years, Rs 10,789. And people over 100 years, Rs 12,300.
Seniors meet well-defined criteria will be eligible for a medical examination every month or Rs 6000 per year. And those with disabilities, have a bracelet with an alarm.
Rs 8.7 billion for police
The police will receive Rs 8.7 billion. This sum will be used to recruit 700 policemen including next year. And to combat crime, a Crime Occurrence Tracking System will also be set up in all regions.CCTV will be installed at Beau Bassin, Rose Hill, Quatre Bornes Quatre Bornes ...
Rs 14.8 billion more invested in the education sector next year
Rs 14.8 billion more, an increase of 11.2 compared to last year for the education budget. A subsidy of Rs 100,000 will be paid to disadvantaged preschools and a sum of Rs 200,000 to nurseries.
30% increase in subsidies school ZEP
Besides the increase in subsidies for ZEP schools, an innovative educational project will be prepared in six schools in partnership with the SA Foundation and the African Development Bank.
Allow the poor to have access to education
The proposed hot meals, served in the ZEP schools will always be present next year. However, a sum of Rs 130 million will be invested to ensure the hygienic measures.
Three new projects of Special Needs Education at the primary level
Children with special needs can make their choice with three new schools in the primary. Rs 87 million will be disbursed to access free in all schools Internet.
Tablet PCs: extended to students in Form V program
Regarding the touch pads, they will be distributed in January to students in Form IV and V.Families receiving social assistance may have free access to the Internet. In addition, eight new national scholarships will be allocated to ICT.
HSC Pro in several sectors
HSC Pro will be available in the ICT, tourism and sport. On the other hand, eight colleges will be provided with specialized centers in foreign languages.
Work: focus on youth and women
Better support young people who embark on the labor market and to encourage women to return to work. These are the main measures for the workplace. A six month employment survey will be conducted to inform young people of jobs available. And will be followed up at the Youth Employment Program which was a real success. Rs 275 million will be allocated to this end.
Rs 100 million cash for a back to work program for women
In addition to encourage women to return to the world of work, with a plan that will engulf Rs 100 million, a Training Scheme will also be set up for them.
Alignment of wages
Wages must be in line with demand. 14 Remuneration Regulations where employees earn less than Rs 6,000 are referred to the Pay Research Bureau to be reviewed.
Foreign workers working conditions under the microscope
The Ministry of Labour will review the proportion of foreign workers in the island. And 14 inspectors will be recruited to scrutinize working conditions, safety ...
SMEs online
For more visibility, all SMEs need to be present on the Internet, next year. Creating a basic site will be fully funded by the government. For more elaborate site, costing Rs 6000 maximum grant of 50% will be given.
The Refund Scheme for participation in international fairs SMEs is maintained. It will cost Rs 50 million.
New borrowing plan
Banks will extend the Scheme of loans for small and medium enterprises. And longer need a third guarantor for SMEs. The government will guarantee up to 70% of loans. Rs 50 million and will go to SMEs.
Two new parks for SMEs Solitude and Plaine-Magnien
Rs 200 million will be invested this year for SMEs. This to create dedicated to SMEs in Solitude and Plaine Magnien parks . "I put up a real Marshall Plan for SMEs since my last three budgets,"says Xavier-Luc Duval.
Better manage natural disasters
Focus on prevention to avoid natural disasters such as floods. It is about better equip the National Risk Management Centre . In the case of flash floods, an agency dedicated to the maintenance of drains will be established. Rs 1.3 billion have been allocated to the Ministry of Public Infrastructure. Provision is also made ??for the recruitment of 100 firefighters. And in the case of risk area such as Chitrakoot and Vallée Pitot, Rs 30 million will be disbursed for work.
Free Rs 300 for the sterilization of dogs
Rs 6 million in total will be given to grant Rs 300 for the sterilization of dogs. The state will also develop a Trust Fund for Animlal Care and a hospital for modern dogs Wooton.
Higher Education: Rs 300 million for research
Range of measures for the sector of higher education. Starting with the Mauritius Qualifications Authority which will be under the aegis of the Ministry of Higher Education for consistency. Also, Rs 228 million will be allocated over five years to a Daily IT Research Academy. Rs 100 million will be granted to Mauritius Research Council. Funding for the research will be centralized.Investments will also be made to create new campuses.
Foreign teachers recruited
30 foreign Lecturers, with experience, will be hired to teach in public universities. Also in regard to public universities, an Independent Ranking Sytem will be implemented.
Suspended for institutions not complying with the law license
The welcoming foreign students who do not meet the criteria established institutions will have their license suspended. This also applies to establishments of false advertising.
Funds for various projects
Rs 3 million will be allocated to children's playgrounds across the island, Rs 2 million for a Traffic Centre in Rivière-du-Rempart, Rs 12 million for cemeteries, Rs 7 million for youth centers and fairs and Goodlands Quatre Bornes.
Environment funding for various projects
The beaches are our national pride, says the Grand treasurer. But they are at risk of erosion. This is to save as Rs 100 million will be dedicated to Beach reprofiling program. This program will involve including Flic-en-Flac, Le Morne and Grand Baie, where several areas will be filled with sand.
Brownfield: tougher laws
Regional authorities may compel owners to close and clean up their land.
Recycling plastic encouraged
Rs 30 million will be dedicated to the collection and re-export of PET plastic. This, for recycling.
Promote the film industry in Mauritius
Film Rebate Scheme, which cost Rs 170 million for the year 2013 was a resounding success, attracting seven films. In 2014, more than half a billion rupees will be invested in the film industry.The goal: to encourage young people to engage in this growing sector. Courses for young people will be provided by the Youth Empowerment Program in this direction.
Optical fiber: 58,000 households connected by next year
8000 homes are already connected to the optical fiber. And 50,000 others will be next year, with a capacity of 50 Mb. As for service providers, they must offer a minimum level of service.
Strengthen the tourism sector
Improve the services offered by the national aviation company, fill hotels during off with better benefits ... These are the main measures that the government intends to take in tourism. A Public Private Joint Committee will be established to promote new services. The MTPA will be responsible for liaising with emerging markets to increase its flights. Emirates Airlines will begin, in turn, a new example with the A380 ... Flights to Russia and Africa will be improved. MK side, a strategy to several Asian destinations is expected.
Exploit new and emerging markets
The state wants to welcome more tourists from various countries, especially during the peak season. A Special Fund of Rs 25 million will be invested to encourage tourists from emerging countries to come to Mauritius. To do this, an independent study to analyze the prices of airline tickets will be established. Other measures in the same vein are planned.
The state wants to welcome more tourists from various countries, especially during the peak season. A Special Fund of Rs 25 million will be invested to encourage tourists from emerging countries to come to Mauritius. To do this, an independent study to analyze the prices of airline tickets will be established. Other measures in the same vein are planned.
Review procedures for visas and Occupancy Permits
Procedures for visas and Occupation Permits will be reviewed. This, in order to encourage more wealthy foreigners and high caliber professionals to settle in Mauritius.
Seafood hub: Rs 2.1 billion invested in the tuna industry
Besides the tuna industry, another area that is off aquaculture. Three new sites will be developed to double production in the next three years.
In the case of stocking lagoons, the pace will be tripled and net fishing is discouraged.Compensation is provided for fishermen in this direction. And allowances granted for the purchase of boat for the off lagoon fishing.
Construction: a control system for online licensing
Now, all building permits will be channeled to the Ministry of Local Government. E-monitoring system will be established in this regard. Permits shall be issued within 14 days. The CWA, CEB, firefighters and other relevant authorities and shall give their consent within a specified time.Otherwise, the application shall be deemed approved.
Offshore: range of measures to combat financial crime
The term Financial Crime will be redefined for greater efficiency. To do this, the government intends to strengthen cooperation and Bank of Mauritius Financial Services Commission. It is also about to accede to the OECD Convention on mutual assistance and exchange of information.
To help the offshore, the law will also amended to allow more grants residence permit and encourage investment in Mauritius.
Environment: Creating a "green sector"
Objective: To redefine the ecological architecture of the country. To do this, a new green area will be created. Other measures for the environment: Biomass Energy Scheme for small farmers and the cultivation of certain plants will be encouraged. And to encourage people to go to green energy, VAT will be abolished on photovoltaic panels, which will lower the cost. For projects falling under Maurice Ile Durable, an amount of Rs 6 billion is expected.
ICT: lower Internet rates for call centers
New lower rates for call centers who lease bandwidth for their activities. The decrease is 16%, which amounts to a 84% decline since 2010.
Water: merging authorities
A new Water Authority Bill will be voted for more efficient management of the water sector. There will also be a fusion of the authorities, as the Central Water Authority. In addition, Rs 1.3 billion will be provided to continue the program of replacing old pipes. And Rs 427 million will be allocated to complete the treatment plant straws.
All work to the sewer
3000 new connections are expected for next year regarding the work of all to the sewer in 2014 and Quatre Bornes Quatre-Bornes.
Moving towards a strategy for Africa
The budget plan to better support businesses to invest in Africa. There is talk of granting a subsidy of 25% of containers exported to the continent, except to South Africa and Madagascar.Rs 500 million will be disbursed as for Africa fund over 5 years.
Vehicle Exports
Promote the safety of motorists. A law will be established for all imported vehicle worth more than Rs 5 million, equipped with modern safety equipment. Performed on the drivers medical examinations will now be required.
Liberalization by the sale of electricity
The sale of electricity will be liberalized. The Budget also give Rs 3 billion to increase capacity generators St. Louis by 60 MW by 2015.
Purchase 200 modern buses per year
A subsidy of Rs 1 million per bus will be made by the state. This, for the purchase of 200 modern buses per year. This subsidy will be financed by a tax of one rupee per liter of fuel. It is also about new generation equipped with safety equipment bus. In the case of the CNT, 100 semi low floor buses will be purchased in Japan in addition to the 65 already planned.
Pride to the airport
Boost investment and growth. Massive investments will be made in the economy next year, Rs 18.4 billion for infrastructure development in a Build Plan Mauritius. The spotlight will be made at the airport. Aviation Hub will be established. The master plan mentions a passenger hub, cargo hub, a regional training center, a center for maintenance and repairs. It will become a reality in July 2014.
Port: extensions and constructions provide
3.2 billion in 2014 and $ 3.2 billion in total over two years. These are the amounts to be invested in new projects and extensions of buildings in Port. Infrastructure work on the economic zone Jinn Fei, a new pillar for the Marine Services platform, boat repair and the liberalization of the bunker are also expected soon. This will allow operators other than the STC to import the fuel bunker.
Land Transport System concentrate on people
Traffic and congestion costs Rs 4 billion to the economy. And priority was given to road construction with the opening of Terre Rouge Verdun and Verdun-Trianon particular. New priorities for action are coming up with the private sector, with the construction of roads, Jumbo-Phoenix, Pont Sorèze-Coromondel and tunnel Montagne at Signaux vers Champ-de-Mars..
Read Online the Entire Budget 2014
Budget in Details:
Budget 2014: Water and Electricity Prepayment Meters and Water Tank Scheme
Budget 2014 - Infrastructure: Construction of Runnel Under the Montagne des Signaux
Budget 2014: Taxes Which Will Affect Your Wallet
Buget 2014 - Education: Abolition of CPE and Introduction of "9 Year Schooling"
Budget 2014 - Health: Family Physicians Soon Be a Reality
Budget 2014 - Social Security: Increase in Old-Age Pension
Budget 2014 – Sport: Sunrise, Fire Brigade, Scouts Club… Back?
