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Monday is Budget Day
Finance Minister, Dr. Ashni Singh, will present Budget 2014 in the National Assembly on Monday.
The Finance Ministry made the announcement via release last evening which said that “It is expected that this year’s budget will continue to promote the People’s Progressive Party/Civic (PPP/C)’s commitment to accelerate economic growth and
Minister of Finance,
Dr Ashni Singh
social development.
The Ministry said that the 2014 Budget “will emphasize macroeconomic stability through the continued creation of investment opportunities, expanding and upgrading physical infrastructure, improving the quality of social services, and strengthening institutional and regulatory environments.”
According to the release, Guyana’s strong economic performance of recent years has been the direct result of the responsible policy stance adopted, and the prudent and responsible choices exercised and decisions made over the years by the PPP/C government.
“Over the past eight years, Guyana has experienced an unprecedented period of uninterrupted growth, standing out in its economic performance, despite the crises that have enveloped economies in the Caribbean and beyond over those same years.”
The Ministry said that despite the stalemate that has largely consumed the National Assembly within the last three years, Budget 2014 presents another opportunity for all parties to work together in the interest of the people of Guyana.
The Ministry said that the compilation of the budget, which began in June 2013, follows a number of stakeholder meetings which saw participation from the private sector, labour unions and other interest groups.
It said that despite repeated invitations to A Partnership for National Unity (APNU) and the Alliance for Change (AFC), they opted to boycott the consultations.
“Minister Singh nevertheless calls on the Parliamentary Opposition to embrace the opportunity to work together with Government to ensure smooth passage of the budget through the National Assembly in the coming weeks,” according to the Ministry.
This year’s budget presentation will be the eighth by Minister Singh, having first presented in 2007 following his appointment as Finance Minister in September 2006.
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