PSC engages members on budget 2025 proposals

The Private Sector Commission (PSC) is currently conducting a thorough analysis and generating proposals to help shape the 2025 National Budget of Guyana. This announcement was made by PSC Chairman Komal Singh during a recent interview with the Guyana Times.
According to Singh, the PSC has initiated consultations with its members to ensure their recommendations are both evidence-based and reflective of the needs of the private sector and the broader society.
“We have a special committee that is formed to review that, right now we try to get feedback from the entire membership to see exactly what are some of the stuff that they would like to see in the budget. I mean, you can agree that right now, there are so many stuff that have already [been] at the initiative in our space from the government side, so we don’t want to jump on and just come up with stuff very nearly. So that’s why we reach out to our members, so for them to give us feedback with proper evidence-based information.”
He revealed that just within a week, he expects results to be ready.
“Since it’s currently ongoing, we’re hoping to maybe have that fine-tuned in another week or so, alright, so we can revisit the detail,” Singh added.
When asked whether the PSC’s recommendations have been well-received by the government in the past, Singh expressed optimism, stating, “Based on the past, we have seen a lot of recommendations that we have made, they did consider it, as we have seen a lot of them have been implemented in the budget that was done in the past. We don’t have any reason to believe otherwise this year.”
In addition to Singh’s remarks, Guyana Times also spoke with Timothy Tucker, a prominent figure in the private sector, who shared his expectations for Budget 2025.
“I’m hoping the 2025 budget becomes a budget of change, a budget that is filled with things that will be able to make the average Guyanese and the business community feel a sense of, you know, feel the impact of the oil and gas industry in a positive way, feel, you know, that there is, um, real, um, national development going on.”
He emphasized that the 2025 budget should reflect the progress of the last five years while addressing the current needs of citizens and businesses.
“While the other budgets have done exemplary well, we look forward to 2025 being one that, really marks what the last five years has meant, for the country,”
Budget 2024 projects total expenditure of $1.145 trillion (US$5.5 billion)