Happy New
Year All Freedom Loving Seychellois!
Minister of Finance Sends Principal
Secretary To SBC
No sooner
than the first week of the New Year could get off the ground, and the national
hang over from “No Enforcement Policy” on Public drunkedness and lewd behavior
could be cured, the Minister of Finance, blocked time on SBC for his Principal
Secretary to go explain the theory behind the National Disaster Budget to the
People of Seychelles. The Principal Secretary, Mr. Payet left the Nation even
more perplexed and uncertain, over his plans, and ideas then before the
interview. His interview, likely left even PL MNA’s who blindly raised their
hands in favor of this dastardly Budget in total remorse and regret. You know
the old saying:” Hindsight is 20/20 Vision”- of course.
Euro Devalues Over Three Weeks
28%
Between the
discussion of Rainbow Coalition gang at the Ministry of Finance, and SEPEC Boss
Conrad Benoiton could reach a conclusion at the last hours of 2014, as 2015
rolled in, the EURO, national currency of our main Tourist inbound market,
collapsed -28% against the US Dollar, the currency Seychelles purchases for
goods, and pays its external obligations.
In a phrase,
the perfect disaster dessert to go along with the Disaster main course, a la
carte served by Minister of Finance, was dealt to the People of Seychelles,
before they could even settle their 2015 hang over from the PL Sanctioned
“Street Party”.
Fuel Crashes To 48.00 Per Barrel
While the
Euro was going downhill, dashing the hopes and dreams of a holiday long haul,
for 200,000 potential visitors, the price of oil per barrel was crashing on the
international markets to a low of $48.00 per barrel, due to over supply, lack
of demand, and systemic Deflation in the European markets. Cheap oil also meant
cheaper gasoline in most if not all jurisdictions, except Seychelles. Conrad
Benoiton has clicked Three Rupees off the price, but the real price of diesel
in Seychelles should be Scr. 10.00 per litre, and gasoline should not be more
then Scr. 14.00 per litre based on the international rate of fuel. SEPEC is
playing games with the price of fuel, to keep its comfort zone safe and secure,
while placing at risk the national economy of Seychelles based on Tourism and
Fisheries. Both industries rely heavily on fair fuel prices, to remain viable.
January Empties Out Before St. Ange
Returns
By the end
of the year, NISB compiled every single name that could qualify as a person,
and Visitor arrival to inch the statistics to 1% above 2013. After all this If
any Yield in revenue from the same was down -5% from 2013.
In a phrase,
Seychelles was sucking wind at the end of 2013. We were suffering. The numbers
on occupancy show the Tourism Industry is collapsing. Yet, the Minister of
Finance and the Rainbow Coalition of tight shirt technos said that the increase
in taxes is fine, the Budget Strategy is perfect.
I will
believe that when pigs fly.
Road Tax and Vehicle Tax Hike
If there is
a tax that smells of Communism, it is the road tax and cc tax on vehicles.
The people
hate this tax. The business community is cheated with this tax. It is morally
wrong to tax a 1000 cc – 1600 cc car. No further comment.
The Message From Finance
The message
Minister of Finance has sent is this: Seychelles is a double standard erradict
destination, that lacks consistency on
tax scheme, and lacks compliance, lacks enforcement, because Minister of
Finance does not know how to do its job. When that becomes apparent, the
Ministry of Finance will just have to tax the People of Seychelles, kill them a
little faster, off one by one, so there is a reduction in Consumption,
therefore less Demand for hard currency, which we earn less and less each year,
because we implement Budget policies that stick it to Visitors, stick it to the
business community, and stick it to every Seychellois capable of earning a
wage, and spending it in 2 weeks of the month or 2 days, depending on the
month.
As Disaster Looms GOS Must Amend The
Budget
Economic
disaster is now imminent for Seychelles. I will with hold the adjectives on
this issue now.
The only
course of action is for government to sit down with the private sector, discuss
the immediate pressing issues, amend the Budget immediately, before Seychelles
is dismissed as viable Nation- State.
2015, we
will see thousands in the streets, if PL does not change its approach and
change its course.
PL remember
this: “a country is hard to build-it can take decades, but it is much easier to
destroy-that can be done overnight!”
If you do
not believe me, ask you RASTSARIKKKA ( something like that) friend in Sri Lanka.
Sesel Pou Seselwa!
May God Bless All Freedom Loving
Seychellois!