President Ali says 2021 budget is being fine-tuned, to be presented soon
There is a short wait until the People’s Progressive Party/Civic (PPP/C) Government presents its 2021 budget to the National Assembly. This was revealed by President Dr Irfaan Ali, who stated that the budget is being fine-tuned to ensure everyone benefits.
“We’re working presently. We haven’t fixed a date as yet but we’re working presently on Budget 2021 and it’s not a long wait.”
The People’s Progressive Party (PPP) Government took office in August 2020 and was able to produce a budget the very next month. It was previously announced that eyes were on February 2021 to produce its next budget.
It is said that Budget 2021 will continue fulfilling the grandiose plans contained in the party’s manifesto, including its plans to deliver 10,000 house lots every year and to expand Guyana’s infrastructure.
Earlier this month, Attorney General Anil Nandlall 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 was quoted as saying.
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 will 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 also said more airlines are expected to debut their service to Guyana, while new, large oil companies will start operations here.
“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…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,” the Attorney General had stated.
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.
The $329.5 billion budget that the Government presented in September of 2021 was a much-needed emergency budget that covered the remainder of the 2020 fiscal year. Prior to that, the last budget the country had under the former A Partnership for National Unity/Alliance For Change (APNU/AFC) Government was in November 2018.