The Minister for Finance, National Planning and Trade, Naadir Hassan, has delivered the 2025 Budget Speech, setting out the government’s fiscal policies for the new year on Thursday 31st October.
Among the major announcements:
Increase by 7% of salaries for the public sector
Increase in Minimum Wage
Increase in Social Benefits for pensioners, people living with a disability and invalidity
Increase in post secondary students allowances
Increase in passenger allowance when entering with goods in the country
Increase and introduction of new facilities by HFC to support those wanting to build and repair their homes
Improvement in the PV Scheme for residential homes and small/medium businesses
Increase spending in infrastructure development
The Autism Center will fall under the aegis of the Ministry of Education and a budget of SR 4.1 million has been allocated for its operational cost
Increase funding in adaptation and mitigation due to the adverse effect of climate change
Revision in the Agriculture Development Fund to make it more accessible for farmers.
“I can tell Seychellois that the 2025 Budget is a positive one, addressing and impacting all sectors of our society. The 2025 Budget is proof that the government has a clear, realistic strategy and knows what it is doing. As a nation, we need to continue on this positive.”