Budget Speech 2020 – 2021

At the very outset, the Honourable Minister of Finance, Economic Planning and Development set the scene for his maiden Budget Speech: a budget at 'a time of unprecedented crisis', a 'deep contraction globally and locally' and a 'GDP contraction of up to 11 percent this year' for Mauritius – the worst GDP contraction for the country. The Honourable Minister had the daunting challenge to secure sustainable and inclusive development whilst at the same time ensuring that the standard of living of the population does not become worse.