President Wavel Ramkalawan chaired an extraordinary meeting of the Cabinet today, Thursday 26th August, at which the 2021 Mid-year Budget Review was considered.
Cabinet was informed that for the first time, there will be a net budget cut on the 2021 budget. The primary balance deficit for the Mid-Year Budget Review will be improved compared to the original budget and the new program agreed with IMF. Cabinet expressed satisfaction with the budget performance for the first half of the year, but called on further discipline in spending.
Cabinet was also briefed on the situation of Air Seychelles. The President would meet with the Board of Air Seychelles on 27th August 2021.
Further details to the media will be provided by the relevant Ministry.