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Today’s Top Headlines




Seychelles Launches 2016 Budget Consultation

by Lorys Charalambous, Tax-News.com, Cyprus

10 July 2015

The Seychelles Minister for Finance, Trade and the Blue Economy Jean-Paul Adam has launched consultations that seek the private sector's views on what should be included in the country's 2016 national budget.

The consultations were launched during a recent meeting organized by the Ministry with representatives from the private sector where the budgetary process was explained. Representatives from the Ministry made a series of presentations on the different aspects and components of the budget.

Adam explained that "the aim is to have, through the budget process, a more committed approach from all Seychellois."

"We want to share some of the challenges we face when putting together the budget," he added. "We want to have a budget process which is as inclusive and participatory as possible to demystify the whole process once and for all."

Submissions will be published and debated over the coming months before the budget is announced (normally in December of each year). Adam also announced that his Ministry will launch a dedicated website on which the public may provide their views online.

TAGS: tax | fiscal policy | law | budget | ministry of finance | Seychelles

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