Seychelles: Presidential Economic Advisory Council Discusses Fiscal Sustainability and Financing of Critical Infrastructure

Vice President Mr. Sebastien Pillay, on behalf of President Dr. Patrick Herminie, chaired the fifth session of the Presidential Economic Advisory Council (PEAC) today. The session focused on Seychelles' fiscal outlook, debt sustainability, and the financing of critical infrastructure projects. Secretary of State for Finance Mr. Patrick Payet presented the Government's Economic and Fiscal Outlook for 2026–2030, outlining economic growth projections, public finances, debt developments, and planned investments. The presentation highlighted significant infrastructure requirements, including the proposed new national hospital, port expansion and rehabilitation, airport redevelopment, and investments in public utilities and renewable energy, several of which have yet to be incorporated into the medium-term fiscal framework. A central focus of the discussions was the existing debt-to-GDP target of 50%, with several Council members expressing concern that the target constrains Government's capacity to finance critical projects.

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