National Budget 2023 - 2024

Key insights, sector reviews and a summary of tax measures.

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Dr The Honourable Renganaden Padayachy, Minister of Finance, Economic Planning and Development presented the National Budget 2023 - 2024 on Friday 02 June 2023. PwC's panel of specialists provide their observations on some of the measures announced and their potential impact. Discover challenges and opportunities and what it means for our economy, society and you.

Our insights. Your choices!

This year, you can explore our National Buget content in a whole new way! Choose between this interactive website, our comprehensive Budget Brief in PDF, or jump into next-gen tech with our immersive #MetaBudget universe.

 

Anthony Leung Shing, Country Senior Partner of PwC Mauritius

Our Opinion

The global economy remains fragile, although the outlook today is slightly more optimistic on the back of improved confidence, with some sectors surpassing pre-pandemic levels.

By Anthony Leung Shing, Country Senior Partner

Our Opinion

Tax Perspective

Towards restoring a competitive environment

The 2023-2024 budgetary measures aim at making Mauritius an even more competitive and attractive destination to work, together with the ambition to attract investments and strengthen the economy. Taxation is one of the premise to attain this aim.

By Dheerend Puholoo, Tax Leader

More on Tax Perspective
Anthony Leung Shing shares the opinion of PwC

Public Finance

We analysed some key performance indicators such budget deficit, government revenue, debt-to-GDP, and others, so as to give an overview of the economic situation

Read more on Public Finance

Sustainability

Sustainability again misses the centre stage

This Budget, like in previous years, is only skimming the surface of sustainability. The initiatives being proposed are trying to respond to our country’s climate commitment under the UN Paris Agreement, but remain fragmented.

By Julien Tyack, Partner and Sustainability Leader

Read more on Sustainability
Anthony Leung Shing shares the opinion of PwC

Sector Review

We reviewed the main measures announced across some key sectors of the Mauritian economy, including Financial Services, Hospitality, Agri-business, amongst others.

By a panel of PwC specialists composed of Rajeev Basgeet, John Li, Olivier Rey, Jean-Pierre Young and Olivier Ma.

Read more on Sector Review

Taxation

This section provides a summary of the tax measures announced, classified by the differents types of taxation.

By our Tax team.

Read more on Taxation
Finance act

Finance Act 2023

Towards a more equitable tax system

Finance Act 2023

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Our authors

Country Senior Partner

Tax Leader

Partner and Advisory Leader

Assurance Partner and Hospitality Leader

Partner, Advisory Deals

Partner, Business Recovery Services, Forensics and Financial Crime.

Partner, Financial Services and Asset Management

Risk Assurance Services Partner and Sustainability Leader

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The New Equation

Creating solutions to solve the world’s most important problems.

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Multidisciplinary perspectives, powered by technology - uncovering, untangling and understanding the world.

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Innovative mindsets combine with smart technologies - moving beyond the tried and tested. Our community of solvers brings new approaches and relentless curiosity to each new challenge. Together, we are building trust and delivering transformation that works.

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Lasting results that make a difference.

Nothing is simple in our world today. When the rules of the game are no longer obvious, you need to see beyond today to build results that create value for you, your people, your stakeholders and the communities where you live and work.

Solvers at Work.

For over a decade, PwC’s global community of solvers has been researching, experimenting and advising organizations on emerging technologies related to the metaverse. Today, we bring our deep experience and a multidisciplinary view to the next set of digital environments, platforms and technologies that will change the way we communicate, connect, and work.

Meet PwC’s Metaverse team

Looking at problems from new angles to uncover new solutions.

Building trust for lasting impact on business and society.

Trust has never been more important. It's the link that connects your organisation, your people, your customers, your stakeholders and the world. We know that trust isn't something you can buy off the shelf. We work to earn and grow trust through every interaction, every experience and every relationship. Every day.

Case study

Becoming Fit for Purpose

The Peel Regional Police in Ontario, Canada were dealing with what many law enforcement departments face - they were structured in a way that didn’t always make sense for the problems they were trying to solve. The Chief wanted to take down barriers for his staff, instead of creating them. The police service needed to relook at their vision and operations to determine top priorities, including improved on-the-job technology, strategic innovation and community policing initiatives that build trust and relationships.

View case study

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Smarter business for a stronger world.

Sustainability is more than good intentions. It’s about making a difference – for your business and our world.

It’s about delivering lasting outcomes that are not only a win for business, but a win for all. Solutions that drive value and fuel growth, whilst strengthening our environment and societies. Leading business responsively and responsibly to build trust with your customers, employees and stakeholders.

Nature & biodiversity

With PwC's Centre for Nature Positive Business, we're helping organisations in a changing natural world. From creating a sustainable strategy to identifying meaningful metrics.

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1:04

Succeed today. Shape tomorrow. Stay ahead.

Successful business transformation takes perspective to solve for the bigger picture. You need a clear view of where you are today and where you want to go. Along with wide industry knowledge, imaginative technology and a keen eye on the challenges shaping our world. Our tech-savvy solvers will deliver right-fit solutions along with alliance partners to accelerate real results.

Re-envision your future as part of the solution to the biggest challenges of our age. This is transformation that works.

Case study

Transforming Global Shipping

90% of the world’s traded goods travel by ship. However, the global shipping industry faces difficulties like congestion and container shortages. A global data platform powered by blockchain could help. But first, antitrust and regulatory hurdles would have to be cleared in each of the many jurisdictions involved.

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1:27
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We are a community of solvers.

At PwC, you’ll join an unexpected mix of people who combine human ingenuity, experience and innovative tech. Coming together with diverse perspectives to solve the world’s most complex problems.

Join our community of solvers

The Solvers Challenge

Creating solutions that untangle some of the world's most complex problems, helping our stakeholders to build trust and deliver sustained outcomes.

This year's challenge saw nearly 1,000 tech-powered solutions from across our global network. We're excited to share the top 2 finalists in each category below.

View our finalists

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The profound changes in the world mean that our clients can only succeed by creating a virtuous circle between earning trust and delivering sustained outcomes. By bringing our unique combination of capabilities together, we can help them do that - unlocking value for their shareholders, stakeholders and wider society.

Bob Moritz Global Chairman, PwC
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At PwC, we are coming together to solve important problems facing the world. These challenges reflect the fundamental changes we see in business and society, including technological disruption, climate change and fractured geopolitics.

These challenges are complex and require something more than expected. By bringing together our human-led, tech-powered multidisciplinary teams, along with our clients and communities, we can help shape tomorrow.

That’s The New Equation.

Anthony Leung Shing, ACA, CTA

EMA Deputy Regional Senior Partner, Country Senior Partner, Moka, PwC Mauritius

+230 404 5071

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Dheerend Puholoo, ACCA

Tax Leader, Moka, PwC Mauritius

+230 404 5079

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Jean-Pierre Young, ACA, CIA

Chief Innovation Officer, Moka, PwC Mauritius

+230 404 5028

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Robert Coutet

Assurance Leader, Moka, PwC Mauritius

+230 404 5138

Email

Ariane Serret

Senior Manager, Clients and Markets Development, Moka, PwC Mauritius

+230 4045029

Email

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