Seychelles Finance Minister Presents Budget
In his capacity as the Minister
of Finance, the Vice-President of the Seychelles, James Alix Michel delivered
his annual budget address to the National Assembly yesterday. The budget address marks
the start of National Assembly proceedings on the Appropriation Bill 2002, which
is reportedly proposing spending of around R1,306,464,000 for the 2002-03 fiscal
year. According to figures published
in the Official Gazette, the Ministry of Education and Youth is set to receive
R150,537,000 next year, up from the R139,000,000 which it received this fiscal
year, and the Ministry of Health is to receive R139,640,000, also an increase
on last year's allocation. The Ministries of Tourism and Transport, Internal
Affairs, and Defense also reportedly received slighly more generous handouts
for fiscal 2002-03. The National Assembly has
now adjourned to consider the Finance Minister's budget address, and will reconvene
on Friday to debate the proposals put forth on Wednesday. .
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