The Economic Development Board is pleased to provide the Budget 2022/23 special edition of its newsletter, focusing on the main budgetary measures presented by Dr. the Hon. Renganaden Padayachy, Minister of Finance, Economic Planning and Development.
The Budget, titled With the People, For the People, has been read in a particularly unpredictable global economic context. We are currently in an atypical period in world history, fraught by a persisting inability to predict events in uncertain contexts. The post covid recovery has been blighted by additional difficulties following the conflict between Russia and Ukraine.
Russia and Ukraine together account for more than 55 percent of global exports for sunflower oil, 30 percent for steel and 20 percent for wheat. The war has inexorably affected world supply and causing a surge in energy and food prices.
Here is this EDB newsletter: