Budget 2021 will lay foundation for economic transformation – AG
Guyanese can look forward to widespread transformation of the country’s economy from this year’s national budget, Attorney General and Legal Affairs Minister Mohabir Anil Nandlall, SC, has said.
The Government is set to lay its national fiscal plan in the National Assembly in February, and the Attorney General has said it promises “greatness” for Guyana and its people as the PPP/C embarks on its first full year in office.
“In 2021, we will be laying the foundation for the transformational projects that not only will keep the PPP in office for a very long time, but will transform this country,” the AG said on his weekly “Issues in the news” television programme on Tuesday evening.
The commencement of the construction of the new Demerara Harbour Bridge is among several projects set to take centre stage this year. Major highways across the East and West Coasts and East Bank of Demerara would also be commissioned. Preparatory work is also set to start for the construction of the highway to Brazil and the Deep Water Harbour in Berbice, he said.
“This is the year that will see the minimum three to four international hotels begin construction. Another Marriott, Best Western, Hilton, Holiday Inn, Sheraton; all those names are already here. We will begin to mould and breathe life into our manufacturing sector, and we will be investing in manufacturing and processing products,” the Attorney General said.
He also said more airlines are expected to debut their service to Guyana, while new, large oil companies would start operations here.
“Look at the budget. Tens of thousands of projects are unfolding. This is the year the boom will begin. That is how the PPP plans to unfold governance this year.”
Recently, Senior Minister with responsibility for Finance in the Office of the President, Dr Ashni Singh, also noted the tremendous benefit Guyanese will receive from Budget 2021.
“The Budget will outline the medium and long-term vision for the country; vision of our Government in the long-term for the country, and then the Budget will initiate a lot of these programmes and policies and projects. A lot of the big projects that we have been speaking about, you will see them being initiated in Budget 2021, setting the stage for the realisation of the medium-term vision that we have for the country.”
This year’s budget will be the first full-year national economic plan presented by the PPP/C Government since taking office in August 2020.