Minister of Finance of Mauritius
Encyclopedia
The Ministry of Finance and Economic Development of Mauritius
is a ministerial department found in the Cabinet
of the government of the Republic. It is considered as the most executive and important ministry in the cabinet after the Prime Minister's office. The Minister of Finance is the most desirable position in the cabinet of the country except of the Prime Minister .Most of the times being the Deputy Prime Minister
or any other senior member of the cabinet .Created along with the cabinet on the 12th March 1968 ,since then it is found in the cabinet .
There are other departments falling under the aegis of the office such as Economic Development
or Empowerment
.The department is not to be confused with the Minister of Economic Planning as The Minister of Finance is the sole person in charge of the yearly budget for governmental and parliamentary works . The incumbent Minister is Pravind Jugnauth
who has take office from 11 May 2010 and who has already hold the office between 2003 to 2005 .
The Central Bank of Mauritius falls under the department and is accountable to the Minister . Often considered as the post of the most eligible future prime minister ,the Minister of Finance plays a rather important role in a government as it may decide if the economics policies brought forward by the political party in power are good or rather futile .This may result in a change in people's vote which may oust a government to a new party for a better economic management .
In some other cases like in 2000 to 2003 ,then Finance Minister Paul Berenger
who was also Deputy Prime Minister
,brought some of his own economic ideas and development which resulted in a constructive economic sector known as the BPO. Berenger became Prime Minister in 2003 and appointed Pravind Jugnauth
as the head of finance and his deputy .
Pravind Jugnauth also held the office with his own ideas and creations without having the hand of the Prime Minister Berenger .
In 2005 ,after Navin Ramgoolam
wins general elections ,he forms a new cabinet and appoints Rama Sithanen
as namesake Minister .Yet the economic policies and implementations of other economic changes such as free public transport to students and senior citizen and also the removal of Subsidies on O level and A level examinations in High School .Those changes were ideas and work together done by Sithanen.
In 2010 ,Ramgoolam forms a new government in alliance with the Militant Socialist Movement
as a result of lack of majority in the National Assembly
.
The leader of the MSM, Pravind Jugnauth
is re-appointed as Vice Prime Minister and Minister of Finance .He also implements his own policies and economic changes as per his party's program .
who held the office for a run of 9 years .The person to hold the office for a shortest run is Vasant Bunwaree
who held the office for 3 years.
Mauritius
Mauritius , officially the Republic of Mauritius is an island nation off the southeast coast of the African continent in the southwest Indian Ocean, about east of Madagascar...
is a ministerial department found in the Cabinet
Cabinet of Ministers of Mauritius
The Cabinet of Ministers of the Republic of Mauritius is the official council which advises the President of the Republic to take major decisions...
of the government of the Republic. It is considered as the most executive and important ministry in the cabinet after the Prime Minister's office. The Minister of Finance is the most desirable position in the cabinet of the country except of the Prime Minister .Most of the times being the Deputy Prime Minister
Deputy Prime Minister of Mauritius
The Deputy Prime Minister of Mauritius is a senior member of the Cabinet of Ministers in the country .He/she is appointed by the President on the advice of the Prime Minister.Having the same name ,this position is not to be confused with the Vice Prime Minister of Mauritius who is just a senior...
or any other senior member of the cabinet .Created along with the cabinet on the 12th March 1968 ,since then it is found in the cabinet .
There are other departments falling under the aegis of the office such as Economic Development
Economic development
Economic development generally refers to the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area...
or Empowerment
Empowerment
Empowerment refers to increasing the spiritual, political, social, racial, educational, gender or economic strength of individuals and communities...
.The department is not to be confused with the Minister of Economic Planning as The Minister of Finance is the sole person in charge of the yearly budget for governmental and parliamentary works . The incumbent Minister is Pravind Jugnauth
Pravind Jugnauth
Pravind Kumar Jugnauth MP Esq. is the former Vice Prime Minister and Minister of Finance of Mauritius who was in office from 11 May 2010 to 26 July 2011. He is also Member of Parliament for the 8th constituency Quartier Militaire and Moka.He is an Indo-Mauritian of Bihari descent. He served in...
who has take office from 11 May 2010 and who has already hold the office between 2003 to 2005 .
Cabinet Importance
The Ministry of Finance in the country is a very important department .It controls all the economic activities of the country as well as determines major price index of all the staples and all other commodities subsidies and taxes .It also determines the price of Petrol and Gas .The Central Bank of Mauritius falls under the department and is accountable to the Minister . Often considered as the post of the most eligible future prime minister ,the Minister of Finance plays a rather important role in a government as it may decide if the economics policies brought forward by the political party in power are good or rather futile .This may result in a change in people's vote which may oust a government to a new party for a better economic management .
History
Many Ministers of Finance have shaped the economy and success of the Country .While many have worked under the hand of the Prime Minister as Vishnu Lutchminaraidoo from 1983 to 1991 who was Minister of Finance in the cabinet of Sir Anerood Jugnauth .He rather brought forward ideas and policies developed by Jugnauth who was the head of the cabinet .In some other cases like in 2000 to 2003 ,then Finance Minister Paul Berenger
Paul Bérenger
Paul Raymond Bérenger GCSK MP is the Leader of the Opposition of Mauritius and former Prime Minister of the Republic. Bérenger, who is a Christian of French descent, is the only Prime Minister of Mauritius who was not a Hindu....
who was also Deputy Prime Minister
Deputy Prime Minister of Mauritius
The Deputy Prime Minister of Mauritius is a senior member of the Cabinet of Ministers in the country .He/she is appointed by the President on the advice of the Prime Minister.Having the same name ,this position is not to be confused with the Vice Prime Minister of Mauritius who is just a senior...
,brought some of his own economic ideas and development which resulted in a constructive economic sector known as the BPO. Berenger became Prime Minister in 2003 and appointed Pravind Jugnauth
Pravind Jugnauth
Pravind Kumar Jugnauth MP Esq. is the former Vice Prime Minister and Minister of Finance of Mauritius who was in office from 11 May 2010 to 26 July 2011. He is also Member of Parliament for the 8th constituency Quartier Militaire and Moka.He is an Indo-Mauritian of Bihari descent. He served in...
as the head of finance and his deputy .
Pravind Jugnauth also held the office with his own ideas and creations without having the hand of the Prime Minister Berenger .
In 2005 ,after Navin Ramgoolam
Navin Ramgoolam
Navinchandra Ramgoolam, GCSK, FRCP, MP is the Prime Minister of Mauritius, Minister of Defence, Home Affairs & External Communications, as well as Leader of the National Assembly. Being the leader of the Mauritian Labour Party, he serves as Member of parliament for constituency No...
wins general elections ,he forms a new cabinet and appoints Rama Sithanen
Rama Sithanen
Rama Krishna Sithanen GCSK MP is a former finance minister of Mauritius and vice-prime minister of Mauritius and has held the office between 1991 and 1995 when Sir Anerood Jugnauth was Prime Minister and from 2005 to 2010 Navin Ramgoolam's Cabinet...
as namesake Minister .Yet the economic policies and implementations of other economic changes such as free public transport to students and senior citizen and also the removal of Subsidies on O level and A level examinations in High School .Those changes were ideas and work together done by Sithanen.
In 2010 ,Ramgoolam forms a new government in alliance with the Militant Socialist Movement
Militant Socialist Movement
The Militant Socialist Movement is a Centre-Right political party in Mauritius that adheres to the philosophies of socialism and political democracy. It is the 3rd largest political party in the National Assembly. It has in all 13 seats directly elected from the 2010 general elections...
as a result of lack of majority in the National Assembly
National Assembly of Mauritius
The National Assembly is Mauritius's unicameral parliament, which was called the Legislative Assembly until 1992, when the country became a republic...
.
The leader of the MSM, Pravind Jugnauth
Pravind Jugnauth
Pravind Kumar Jugnauth MP Esq. is the former Vice Prime Minister and Minister of Finance of Mauritius who was in office from 11 May 2010 to 26 July 2011. He is also Member of Parliament for the 8th constituency Quartier Militaire and Moka.He is an Indo-Mauritian of Bihari descent. He served in...
is re-appointed as Vice Prime Minister and Minister of Finance .He also implements his own policies and economic changes as per his party's program .
Salary
The Salary of the Minister of Finance is the same as a cabinet member unless ,the office holder is also appointed as Deputy Prime Minister or Vice Prime Minister .The Salary is as follows| Office | Salary Yearly | |
|---|---|---|
| Deputy Prime Minister Deputy Prime Minister A deputy prime minister or vice prime minister is, in some counties, a government minister who can take the position of acting prime minister when the prime minister is temporarily absent. The position is often likened to that of a vice president, but is significantly different, though both... Minister of Finance |
Rs 1,800,000 US $ 60,000 |
|
| Vice Prime Minister Minister of Finance |
Rs 1,740,000 US $ 58 ,000 |
|
| Cabinet Minister | Rs 1,740,000 US $ 58 ,000 |
|
Previous Office Holders
The person holding the office of Finance for the longest run remains Rama SithanenRama Sithanen
Rama Krishna Sithanen GCSK MP is a former finance minister of Mauritius and vice-prime minister of Mauritius and has held the office between 1991 and 1995 when Sir Anerood Jugnauth was Prime Minister and from 2005 to 2010 Navin Ramgoolam's Cabinet...
who held the office for a run of 9 years .The person to hold the office for a shortest run is Vasant Bunwaree
Vasant Bunwaree
Vasant Kumar Bunwaree MP is currently the Minister of Education of Mauritius, having taken office since 13 September 2008 as minister in the Cabinet of Navin Ramgoolam...
who held the office for 3 years.
| # | Name | Took office | Left office | Party |
|---|---|---|---|---|
| Republic of Mauritius Mauritius Mauritius , officially the Republic of Mauritius is an island nation off the southeast coast of the African continent in the southwest Indian Ocean, about east of Madagascar... |
||||
| 1 | Paul Berenger Paul Bérenger Paul Raymond Bérenger GCSK MP is the Leader of the Opposition of Mauritius and former Prime Minister of the Republic. Bérenger, who is a Christian of French descent, is the only Prime Minister of Mauritius who was not a Hindu.... |
30 June 1982 | April 1983 | Mauritian Militant Movement Mauritian Militant Movement The Mouvement Militant Mauricien is a socialist political party in Mauritius. The party was formed by a group of students in the late 1960s. The MMM is currently led by Paul Bérenger.... |
| 2 | Vishnu Lutmeenaraidoo | April 1983 | 15 September 1991 | Militant Socialist Movement Militant Socialist Movement The Militant Socialist Movement is a Centre-Right political party in Mauritius that adheres to the philosophies of socialism and political democracy. It is the 3rd largest political party in the National Assembly. It has in all 13 seats directly elected from the 2010 general elections... |
| 3 | Rama Sithanen Rama Sithanen Rama Krishna Sithanen GCSK MP is a former finance minister of Mauritius and vice-prime minister of Mauritius and has held the office between 1991 and 1995 when Sir Anerood Jugnauth was Prime Minister and from 2005 to 2010 Navin Ramgoolam's Cabinet... |
15 September 1991 | 20 December 1995 | Militant Socialist Movement Militant Socialist Movement The Militant Socialist Movement is a Centre-Right political party in Mauritius that adheres to the philosophies of socialism and political democracy. It is the 3rd largest political party in the National Assembly. It has in all 13 seats directly elected from the 2010 general elections... |
| 4 | Vasant Bunwaree Vasant Bunwaree Vasant Kumar Bunwaree MP is currently the Minister of Education of Mauritius, having taken office since 13 September 2008 as minister in the Cabinet of Navin Ramgoolam... |
20 December 1995 | 17 September 2000 | Mauritian Labour Party Mauritian Labour Party The Labour Party is a political party in Mauritius.The Mauritian Labour Party was structured in 1936 to model the British Labour Party and has similar socialist goals... |
| 5 | Paul Berenger Paul Bérenger Paul Raymond Bérenger GCSK MP is the Leader of the Opposition of Mauritius and former Prime Minister of the Republic. Bérenger, who is a Christian of French descent, is the only Prime Minister of Mauritius who was not a Hindu.... |
17 September 2000 | 30 September 2003 | Mauritian Militant Movement Mauritian Militant Movement The Mouvement Militant Mauricien is a socialist political party in Mauritius. The party was formed by a group of students in the late 1960s. The MMM is currently led by Paul Bérenger.... |
| 6 | Pravind Jugnauth Pravind Jugnauth Pravind Kumar Jugnauth MP Esq. is the former Vice Prime Minister and Minister of Finance of Mauritius who was in office from 11 May 2010 to 26 July 2011. He is also Member of Parliament for the 8th constituency Quartier Militaire and Moka.He is an Indo-Mauritian of Bihari descent. He served in... |
30 September 2003 | 5 July 2005 | Militant Socialist Movement Militant Socialist Movement The Militant Socialist Movement is a Centre-Right political party in Mauritius that adheres to the philosophies of socialism and political democracy. It is the 3rd largest political party in the National Assembly. It has in all 13 seats directly elected from the 2010 general elections... |
| 7 | Rama Sithanen Rama Sithanen Rama Krishna Sithanen GCSK MP is a former finance minister of Mauritius and vice-prime minister of Mauritius and has held the office between 1991 and 1995 when Sir Anerood Jugnauth was Prime Minister and from 2005 to 2010 Navin Ramgoolam's Cabinet... |
5 July 2005 | 11 May 2010 | Mauritian Labour Party Mauritian Labour Party The Labour Party is a political party in Mauritius.The Mauritian Labour Party was structured in 1936 to model the British Labour Party and has similar socialist goals... |
| 8 | Pravind Jugnauth Pravind Jugnauth Pravind Kumar Jugnauth MP Esq. is the former Vice Prime Minister and Minister of Finance of Mauritius who was in office from 11 May 2010 to 26 July 2011. He is also Member of Parliament for the 8th constituency Quartier Militaire and Moka.He is an Indo-Mauritian of Bihari descent. He served in... |
11 May 2010 | Incumbent | Militant Socialist Movement Militant Socialist Movement The Militant Socialist Movement is a Centre-Right political party in Mauritius that adheres to the philosophies of socialism and political democracy. It is the 3rd largest political party in the National Assembly. It has in all 13 seats directly elected from the 2010 general elections... |