2017 Budget aimed at fiscal and environmental sustainability - Granger

2017 Budget aimed at fiscal and environmental sustainability – Granger

Oct 14, 2016 News

Fiscal, environmental and institutional sustainability will be the pillars of the 2017 budget which is expected to be presented by Finance Minister, Winston Jordan in December.

President David Granger

This was asserted by President David Granger during his address to the nation’s Parliament yesterday. There, the Head of State said that the Government adopted the 2030 Agenda for Sustainable Development of which the 17 Sustainable Development Goals (SDG) are compatible with Guyana’s social agenda.
The President said that the 2017 National Budget will reflect the harmonization of the SDGs with Government’s national development plans, particularly in the social sector. The Head of State said that the preparation of this Budget started several months ago and has been characterised by an inclusive and consultative process.
“It will be designed around a results-based format. It will be guided by the objectives of fiscal sustainability, institutional sustainability and environmental sustainability.”
The President stated that budget measures will include renewable energy generation and improved energy efficiency which he deemed to be key initiatives of Government’s green agenda.
Granger said that Guyana’s future is linked to renewable energy generation and increased use of energy-efficient technologies.
“We will graduate our economy increasingly towards greater renewable energy use across all sectors of Guyana. Government buildings will be powered, eventually, by renewable energy sources and will utilize energy-efficient technologies. Incentives will be offered to the private sector to follow the government’s lead.”
Additionally, the President said that the 2017 National Budget will include measures aimed at developing a more diversified and climate-resilient agricultural sector.
He said that the Government will promote agricultural expansion further inland by introducing mega farms in the Intermediate and Rupununi savannahs; promote the expansion of non-traditional agricultural production such as coconuts, fruits and spices; and promote the increase of aromatic rice production, which will add to crop production in the rice sector at a higher end of the value chain.

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