The Guyana government Monday night outlined a raft of socio-economic policies that it said are geared towards prioritising investments that directly promote economic growth, accelerate the transformation of the country, enhance human capital, and improve social wellbeing.
Finance Minister Dr. Ashni Singh delivering the first budget of the ruling People’s Progressive Party/Civic (PPP/C) since it won last September’s regional and general election, told Parliament that the Central Government total expenditure is projected to grow by 15.8 per cent this year, to reach GUY$1.5 trillion (One Guyana dollar=US$0.004 cents), with the Public Sector Investment Programme (PSIP) expanding to GUy$779.6 billion, and non-interest current expenditure to GUY$705.1 billion.
He told legislators that the PSIP continues to be the engine delivering the Irfaan Ali government’s national transformation agenda, pushing deeper into the foundations of daily life by building modern roads and bridges, new and upgraded energy infrastructure, world class schools and hospitals, affordable housing and safer communities.
He said this year’s national budget Budget is crafted so as to give effect to President Ali’s vision for a modern, prosperous Guyana, that provides opportunities for every single Guyanese person.