GEORGETOWN, Guyana, CMC – Vice President Dr. Bharrat Jagdeo says the 2024 National Budget will be presented “early” next year, and the government has identified key focus areas to achieve its development agenda.
During his weekly press conference, Jagdeo said budget preparations have commenced with the government keen on achieving its goals in its manifesto.
He said two key elements of the budget are the government’s continued focus on economic and social investments and a continued focus on expanding people’s disposable income.
The first set of investments involves spending in the health, education, and security sectors while building the critical infrastructure needed nationwide.
On the other hand, Jagdeo explained that increasing people’s disposable income involves increasing their salaries, reducing taxes, and employing more people across the country.
And he said, “All of these measures will be catered for in the 2024 budget.”
These are only two key elements of the 2024 budget, however. Jagdeo said citizens could expect much more investments, policies, and programs to keep the country “safe” and “vibrant” while generating more jobs and creating more income for people.
This year, the government passed a GUY$781.9 billion National Budget. It sought supplementary funds of $31 billion, $61 billion, and $25.9 billion to execute projects and respond to challenges like the prolonged drought faced this year.
As preparations for the National Budget move ahead, the Vice President also announced that government ministers will hold a series of press conferences next week to outline the progress made in each sector.
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