06/10/2026
FITCH SOUNDS THE ALARM
Spending up. Tourists down. Debt rising. And YOU will pay.
Last year Fitch warned that wider budget deficits could hurt Seychelles' credit rating.
This year Fitch says the deficit will jump from 0.4% to 2.4% of GDP. That's six times wider in one year.
What does that mean for you?
It means the government is spending more than it collects. To fill the gap, it borrows. On 22 September it took another US$34 million loan.
Every rupee borrowed today must be repaid tomorrow, with interest, by you and I. It comes back through your taxes, your bills and your shopping basket.
And the worst may not have arrived yet.
Central Bank warned on 30 September that global fuel and food price rises haven't fully reached us.
Hard times are not a risk. They are a matter of time.
Families are already telling us they must choose between buying food and paying for electricity. In 2026 we are seeing Seychellois searching rubbish bins. This is Seychelles, not a story from somewhere else.
President Patrick Herminie and Vice President Sebastien Pillay, where is the financial discipline?
President France-Albert René, the founder of your own party, used to say one thing in hard times: "Ser sang." Tighten our belts.
So we ask the question every family is asking,
Are we going back to the days of "ser sang"? Is THIS the promise United Seychelles made to all of us?