Budget 2016-2017: Decrease in Prices of Commodities, Creating Employment, and More

Presented by Minister of Finance, Pravind Jugnauth

The Budget 2016-2017 has finally been presented by Minister of Finance, Pravind Jugnauth, on Friday, July 29.

budget

The cabinet came together for a special meeting yesterday, July 29, at 3 p.m, in preparation to the Budget Speech of the Minister of Finance, Pravind Jugnauth.

The latter detailed out the Budget later at 5 p.m, during the National Assembly.

Mauritians have been eager to hear about the measures to be presented by Pravind Jugnauth, specially that he had been newly appointed as the Minister of Finance.

Find a list of the main measures discussed by the minister:-

  • Increase in excise duties on cigarettes (by 25%).
  • Increase in excise duties on alcoholic drinks (from 5 to 30 %).
  • Decrease in the price of cooking gas; 12 kilograms thereof will go from Rs 330 to Rs 270 as from Saturday, July 30.
  • No more VAT on cereals as from September 1st.
  • A ‘cash reward’ will be given to every student from poor families after they will have completed Grade 9 of the 9-Year-Schooling or the SC or the HSC.
  • 100% subsidy for examinations fees for students repeating SC and HSC.
  • Creation of employment for 20,000 young people. This will include:-
    • Filling 7,200 vacancies in the civil service
    • Paid training jobs for 1,000 individuals in a series of sectors, from ICT to tourism and hospitality
    • A scheme specific to a group of 200 trainee engineers.
  • Reviving the light metro project under a new name: Metro Express.
  • Construction of 3 Smart Cities, including Heritage City.
  • Rs 5,000-trade fees for licences for businesses suspended for three years; this applies to all SMEs except those dealing with gambling, and the selling of cigarettes and alcoholic drinks.
  • Setting up of an Agri-Business Park at Highlands on a pilot basis.

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