[ITL] Mauritius National Budget 2022/23: Shaping a resilient nation
The Minister of Finance, Economic Planning and Development, Dr. the Honourable Renganaden Padayachy presented the National Budget 2022/2023 on 7 June 2022.
Sheer resilience. The message and the vision conveyed in this year’s National Budget 2022/2023 could not be any clearer.
Over the past two years, amidst a glum global economic backdrop throttled by a pandemic, extreme weather conditions and war, the Mauritian government has showed resilience and has defied all odds through the crafting and the implementation of carefully thought-out measures and policies. According to the International Monetary Fund (IMF) forecasts, the GDP of the country will exceed its pre-pandemic level, reaching Rs. 520 billion (c. $11.7 billion) by 2022 compared to Rs. 465 billion (c. $10.5 billion) in 2021. The unemployment rate is expected to fall to 7.8% (2021: 9.1%). Foreign direct investment into Mauritius is also projected to rise to more than Rs. 20 billion (c. $450.1 million) compared to Rs. 15.4 billion (c. $346.7 million) in 2021.
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