CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Seychelles Budget Address Takes Place

Seychelles Budget Address Takes Place

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.

.

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »