Seychelles Budget Address Takes Place
By Mandy Robinson, Tax-news.com, London
20 December 2000
The Seychelles Budget
Address 2001 took place this week. It was delivered to the National
Assembly by Vice-President James Michel who is also the Minister
for Finance.
The National Assembly
meeting commenced with a motion tabled on behalf of the government
calling for the approval of supplementary estimates for the year
1999 for a total of R97,307,229 as certified by the auditor general
and the principal secretary for Finance.
The afternoon Budget
Address focused on the Appropriation Bill 2001 which proposed
an increase of R41,788,000 from the 2000 national budget to R1,225,536,000
for the coming year. The National Assembly set a date of December
21 for the debate over the Appropriation Bill to be continued.
Hints dropped by
the government have led commentators to believe that the government's
Education Department will receive the biggest slice of the budget
with an allocation of R139 million which is an increase of R1
million over the 2000 figure. Next in line for cash will be the
Ministry of Health with an allocation of R137,225,000 which is
also an increase over the 2000 figure (R135,244,000). R67,890,000
will go to the Department of Internal Affairs and R60 million
to the Ministry of Defence. Both figures are slightly higher than
last year's.
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