Mauritius News Service from Mauritius (Ile maurice)

RECURRENT BUDGET WITH MEMORANDUM

By Mauritius News Service - Staff
Published June 15, 2007
National Budget 2008 , Recurrent Budget
Rating: Unrated

RECURRENT BUDGET WITH MEMORANDUM

THE ROAD MUST BE TRAVELED

By Mauritius News Service - Staff
Published June 15, 2007
National Budget 2008 , Budget Speech
Rating: Unrated

8. These early records of achievements tell us that we have blazed a new trail of successful development and that we are indeed moving in the right direction. The good results confirm that we must stay on the path of reforms. The goals are attainable: the road must be travelled all the way.

9. There is no doubt that it is a challenging journey that may prove to be more difficult for some than for others. But, as a compassionate Government, we pledge to stay sensitive to the voice of our population.

10. The positive results also tell us that full employment and rising purchasing power are within reach. The early harvest allows us to share some of the early gains, particularly with those who most need help. It also allows us to signal our determination to assure that all will share in the accelerating recovery.

Budget Speech 2007/08

By Mauritius News Service - Staff
Published June 15, 2007
Budget Speech
Rating: Unrated

CONSOLIDATING THE TRANSITION AND SECURING FULL EMPLOYMENT

Mr Speaker, Sir,

I move that the Appropriation Bill 2007/2008 be read a second time.

2. Mr Speaker, Sir, last year I explained to the nation that we had come to the end of an economic cycle and that there was no alternative but to charter a new course and adopt a totally new paradigm to emerge from the mess we inherited.

3. Let me remind the House that we inherited an economy facing the triple shocks from loss of textile preferences, high oil prices and the impending cut in sugar prices. Growth was on a downward path heading for recession, unemployment was at the highest level in 20 years, purchasing power was falling, and investment was down. At the same time, public finances were spinning out of control with debt service the largest item of Government spending and public debt unsustainably high and growing.

BUDGET SPEECH 2007/08

By Mauritius News Service - Staff
Published June 15, 2007
National Budget , National Budget 2008 , Budget Speech
Rating: Unrated

CONSOLIDATING THE TRANSITION AND SECURING FULL EMPLOYMENT

Mr Speaker, Sir,

I move that the Appropriation Bill 2007/2008 be read a second time.

2. Mr Speaker, Sir, last year I explained to the nation that we had come to the end of an economic cycle and that there was no alternative but to charter a new course and adopt a totally new paradigm to emerge from the mess we inherited.

3. Let me remind the House that we inherited an economy facing the triple shocks from loss of textile preferences, high oil prices and the impending cut in sugar prices. Growth was on a downward path heading for recession, unemployment was at the highest level in 20 years, purchasing power was falling, and investment was down. At the same time, public finances were spinning out of control with debt service the largest item of Government spending and public debt unsustainably high and growing.

BUDGET SPEECH 2007/08

By Mauritius News Service - Staff
Published June 15, 2007
Budget Speech
Rating: Unrated

CONSOLIDATING THE TRANSITION AND SECURING FULL EMPLOYMENT

Mr Speaker, Sir,

I move that the Appropriation Bill 2007/2008 be read a second time.

2. Mr Speaker, Sir, last year I explained to the nation that we had come to the end of an economic cycle and that there was no alternative but to charter a new course and adopt a totally new paradigm to emerge from the mess we inherited.