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Budget 2019-20: the next five years and beyond

5 juin 2019, 10:15

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The objective of the Budget 2019-20, according to the author, should be to graduate Mauritius as a hub for innovation and creativity in all sectors and at all levels.

Budget 2019-20 should be a milestone event through farsighted and innovative measures to consolidate and modernise the economy. It boils down to crafting a holistic and interrelated package of measures to power the economy meet challenges of a chaotic global economy. Obviously, the imperative to reduce public debt, among others, will impinge on the developmental dimension. However, there is ample room to upgrade the qualitative dimension of development. The objective should be to graduate Mauritius as a hub for innovation and creativity in all sectors and at all levels. It entails shaping responsible youths, developing a new class of creative entrepreneurs, promoting an aesthetic environment, development of centres of excellence…

Shaping youths as responsible citizens

Violence at schools is escalating. It mirrors poor parenting, inapt rules to enforce disciple, lack of teacher empowerment, among others. Measures in the Budget can contribute to forge a nation of achievers and socially responsible citizens among students. A certificate of discipline with a financial token for the most deserved, funding of community services by students, enhanced facilities for sports and cultural activities as well as appointment of disciplined masters can contribute among other measures. The example of Singapore in the implementation of the Youth-At-Risk Engagement Framework can be explored.

A new economic zone for upcoming entrepreneurs

Many of our youths have talents and skills which can be unlocked to open new economic horizons. The setting up of a new economic zone with specific incubator platforms for upcoming young entrepreneurs, for example, in software development services for overseas businesses (there is current scope for the African region), designing of fashionable garments and other products and other service-oriented sectors in areas such as audits, accounting and biotechnology can be explored. The zone can provide living and work facilities in the medium term.

Support to the manufacturing sector

Most small and medium-sized enterprises within the manufacturing sector are facing tough challenges to survive. An Equity Fund looks appealing for short to medium term cash flow problems while an overhauling of support facilities is key for long term sustainability. The merger of the Ministry for Enterprises and that for Industry to develop the appropriate eco-system for an integrated industrial structure is fundamental. An interactive platform for businesses to be in touch with potential buyers worldwide will be revolutionary to bring the global market at the fingertips of our operators.

Moreover, businesses need to be competitive. Detailed market intelligence will feed the platform. Production is increasingly an art rather than a set of production practices. It is making the difference as centres of excellence through innovative materials, production and marketing practices. Can our institutions provide the necessary drive? It is reinventing our support institutions and having champions at the helms at the cost of many political appointees. Having a fresh look at the roles and functions of support institutions and Ministries is an absolute necessity to walk the talk of ushering a new era of development.

Comfortable living for elders

The ageing of the population is a reality and addressing its associated challenges constitute a must for any country aiming at inclusive development. Another reality is the unsustainability of an increase of old age pension. At present, a lack of decent Homes is severely felt. Facilities for the setting up of Wellness Homes for elders, a specialized unit to respond to emergencies of vulnerable elders, fast track at hospitals and targeted public service providers, and adapted facilities for sports, cultural and even productive activities can be planned for the next five years.

Conclusion

Mauritius cannot aspire for modernity by treading on beaten tracks. The Metro Express, the Port and Airport as hubs, development of renewable energy, an adapted education system, technologically-driven health services, among others are on the way. However, a new era of development will also deal with Town and Country planning (grouping services such as car mechanics, furniture manufacturers, etc.) in appropriate locations, greening of landscaping, a revamping of community health centres, decentralisation of services and more.