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Seychelles National Economic Council meets

Seychelles National Economic Council meets ( Seychelles President James Michel chaired the 5th meeting of the National Economic Council at State House this morning.

The Council continued to address strategies for maximizing government revenue by ensuring that revenue from tourism and other activities enters the Seychelles economy and that taxes due are collected efficiently.

The Council urged private sector organizations to contribute more actively to community development through their program of social corporate responsibility.

The Council was briefed on the factors affecting the price fuel on the local market, as well as SEYPEC’s strategy for importing, stocking, and distributing fuel and LPG in the most cost-effective manner.

The Council discussed the employment situation and the need to strengthen the Human Resource Development capacity of the country to localize as many posts as possible. The need for accurate national statistics and the forthcoming Household Budget Survey were also discussed.

Strategies to tackle the problem of traffic congestion, as well as policy options to ease the situation, were raised.

The Council meets monthly to advise government on strategies for the public and private sectors to work together for national economic development.


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