Seychelles Strategy 2017 – doubling the public debt or increasing income!
Produced below are statistics that turn the “Seychelles Strategy 2017” into a charade. President James Alix Michel recently on the SABC Africa News programme aired on 3rd May 2007, stated that his intention of getting the country moving forward was being hampered by the opposition members of the National Assembly. They were, according to him, fomenting “havoc and violence in the streets”. Looking at the public debt figures published below will show you the real culprits behind this line of reasoning. Currently Seychelles is ranked, according The World Factbook, as having the highest public debt in Africa! President James Alix Michel has outdone the tyrant Robert Mugabe of Zimbabwe. The latter comes second after Seychelles for Africa. Mauritius our regional neighbour is eight according to the publication.
These figures for 2006 are even more impressive when taken in context of the External and Domestic Debt Stock figures for the National Assembly. The difference between the years 2005 and 2006 is a staggering one billion, five hundred and seventy two million and one hundred and sixty thousand rupees (1,572,160,000)! This shows the impossible claims that President James Alix Michel and the SPPF make in proposing the doubling of the national income of Seychelles in 10 years. Given the crude economic policies that do not bear any fruition during President James Alix Michels tenure - he should be concentrating on ensuring that bonds, such as that of 2006, are used to actually decrease debt and not increase it.
