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National Assembly approves 2001 supplementary spending

The National Assembly voted in favour of the Supplementary Appropriation Bill 2002 to approve the supplementary spending of 54,965,164 in 2001.

The Bill received the approval of all members from the Seychelles People's Progressive Front (SPPF) party, while all members from the Seychelles National Party (SNP) abstained.

When he was presenting the Bill, Vice-President James Michel, in his capacity as the Minister for Finance, said that the unforeseen spending during the fiscal year of 2001 was done mainly to cover expenses in the form of advance payment for housing projects, which used up to R28,130,000 to cover general purpose loans for workers in the government which amounted to R1,400,000. An additional sum of R5,500,00 was used to cover the foreign exchange deposits of the government. Unforeseen spending was also made by the Electoral Commissioner's office and Family Tribunal.

Government ministries and departments accounted for R17,510,000 of the supplementary spending with R4,380,544, for the Ministry of Education and Youth, R4, 816,000 to cater for the scheme of service of the police and disciplinary authority and R2,549,000 went to the Local Government, Sports and Culture, R1, 400,000 went to the Ministry of Environment. R300,000 was also spent in the  scheme of service of the Ministry of Agriculture and Marine Resources, R960,000 went to the Ministry of Tourism and Transport which needed additional funding for the secretariat of the IOTO, the Tourism Week, the Subios Underwater Festival, the World Tourism Organisation Conference and injected in the Eco-Tourism project. R500,000 was used by the Ministry of Social Affairs and Employment for the purchasing of a new fishing boat for the Prison Division.

A total of R6,625,000 was also used to cover public debt of loans borrowed by the government between 1980 and 1985 on behalf of the Development Bank of Seychelles, Civil Aviation, SMB Fish and the Indian Ocean Tuna.

R2,510,00 was also spent under Centralised Payments, with R1,160,000 spent in the early Presidential Election and funding.

R500,000 was also spent as contribution to the political parties during the Presidential Election last year.

The presentation of the Supplementary Appropriation Bill to the National Assembly is required by law after the supplementary spending had been verified and certified by the Auditor General.

 

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