Fiscal performance |30 August 2025

The press conference: (l to r) Ms Tamatave, Ms Belle and Mr Labonte

‘Seychelles performing very well,’ says Finance ministry

 Seychelles is “performing very well” in terms of fiscal performance, officials from the finance ministry have said. 

Principal secretary for Finance, Astrid Tamatave, explained during a press conference held at the Ministry of Finance, National Planning and Trade’s headquarters yesterday, that although there was a slight underperformance of R160.8 million in total revenues (including grants) for the first six months, this is nonetheless an improvement from the same period in 2024. As at June, total revenue amounted to R5.2 billion, against a budget of R5.4 million.

In terms of expenditure, there is a primary balance of R692 million, representing 2.1 percent of Gross Domestic Product (GDP). Initially a neutral primary balance was forecasted for the first six months. Having considered the trend of increased expenditure towards the end of the year, the ministry expects to end the year with a primary balance of 1.2 percent. “This will be better than what we initially planned 1.1 percent of GDP,” Ms Tamatave stated.

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