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Business Mauritius reveals key proposals for 2022/2023 Budget

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Business Mauritius reveals key proposals for 2022/2023 Budget
Kevin Ramkaloan, CEO and Jean-Pierre Dalais Chairman of Business Mauritius

Business Mauritius, which brings together some 1,200 private companies, has made public its budget proposals made to the Minister of Finance in view of the upcoming budget 2022/2023.

  • Circular economy: Achieve 60% renewable energy by 2030 through Renewable Energy Investment Frameworks for Biomass and Solar PV and fast-tracking of projects.
  • Introduction of environmental and social criteria in the procedures for awarding public contracts.
  • Implementation of the National Waste Management Strategy.
  • A stronger pension system: Establish fiscal discipline, reduce the pressure on public finances and improve the competitiveness and attractiveness of Mauritius.
  • Labour: More flexibility in the recruitment of foreigners to close the skills gap, make the workplace more “family-friendly”.
  • Air connectivity: Achieve the goal of one million tourists in 2022 by restoring the pre-crisis “airlift” and setting up a National Civil Aviation Committee.
  • Introduction of a food security project through a network of “solidarity supermarkets”.
  • A “household improvement scheme”. Families meeting specific criteria to receive between Rs 10,000 and Rs 300,000 to renovate their homes.
  • The development of a social register for families in relative poverty (SRM 2) and an adapted support plan.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.