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Following are highlights of
Mauritius鈥?2012 budget, read to parliament on Friday by Finance
Minister Xavier Duval.
ON INFLATION
鈥淔or 2011 Cheap Ecco Sneakers Mens Ireland , the inflation rate will be 6.5 percent.鈥?Duval
gave no forecast for the rate of inflation in 2012.
ON CURRENT ACCOUNT
鈥淕overnmet will for the first time in more than a decade
generate a surplus on its current account. That is why we will
have a public sector debt of 54.1 percent in 2012.
鈥淚n 2012 government will borrow only to finance investment
that will create wealth in the future.鈥?p>
ON GROWTH
鈥淒uring the next three years we will set growth on a more
steady course.鈥?p>
ON BANKING SECTOR
鈥淎fter protracted negotiations the banking sector has agreed
to release 3 billion rupees ($103.3 million) at 3 percent above
the repo rate for small and medium enterprises.鈥?p>
ON TAXES
鈥淚鈥檓 dividends and interest 鈥?br >I鈥檓 abolishing capital gains tax on immovable property.鈥?p>
($1 = 29.050 Mauritius Rupees)
http:g7financeg7finance-newshighlights-mauritius-2012-budget-measures
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