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ARTICLE · 13 JUNE 2022

Mauritius Budget 2022/23 - Implications For The Global Business Sector

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The Minister of Finance and Economic Development presented his budget speech for the year 2022/2023 on 7 June 2022. In the aftermath of the Covid 19 pandemic and the ongoing conflict between Ukraine and Russia...

MauritiusFinance and Banking
Robert Hovenier
Robert Hovenier
Leon Kruger
Leon Kruger

The Minister of Finance and Economic Development presented his budget speech for the year 2022/2023 on 7 June 2022. In the aftermath of the Covid 19 pandemic and the ongoing conflict between Ukraine and Russia the Minister's theme for the budget speech was 'With the People, for the People'.

The budget focuses on rebooting and reshaping the Mauritius economy through investing in its people. The current global crisis has demonstrated that self sufficiency is a necessity not an option.

The expectation for the 2022/2023 fiscal year is that economic growth will boost revenue. It is expected that growth will be achieved through food security and green energy. The budget speech was also focused on promoting local production and measures to support the Mauritius people during difficult times. Several measures have been introduced such as:

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