Dr The Honourable Renganaden Padayachy, Minister of Finance,
Economic Planning and Development presented the National Budget
2022 – 2023, his third Budget on Tuesday 07 June 2022.
This Budget titled "With The People, For the
People", is one of blossoming hope, as Mauritius
slowly but surely emerges from the global pandemic. Indeed,
economic fundamentals are showing a marked improvement in 2022 with
GDP, exports of goods & services, investment rate, foreign
direct investment and tourist arrivals on the increase whilst
unemployment, public sector and government debt are on a downward
trend.
The Budget aims to set the foundation for a resurgence of the
economy to pre-pandemic levels whilst continuing to show solidarity
to the people of Mauritius to mitigate the effects of the increase
in cost of living as a result of supply chain disruptions, the war
in Ukraine and the recent lockdowns in China. It hinges on the
following three pillars:
