Vice President, Dr. Bharrat Jagdeo disclosed on Thursday that the 2024 budget will be a catalyst for further economic growth as well as funneling more disposable income into the hands of Guyanese.
During a press engagement, the Vice President outlined a strategic focus on economic expansion, social sector advancements, and increased infrastructural projects. Speaking to reporters, he articulated, “….This will be a continuation of the build out of the economic and social infrastructure of the country to enhance future growth and to bring greater comfort to our people, that is on health and education, and all those other sectors, as well as the economic structure of the country that will trigger future growth.”
Jagdeo also underscored the government’s commitment to the People’s Progressive Party/Civic (PPP/C) Manifesto, highlighting measures aimed at enhancing disposable income. He said, “ Disposable income can come from several ways, it could be through increased salaries, reduction of taxes, more people being employed and all of these measures would be catered for in the 2024 budget. So, you can expand employment and get more disposal income at the gross level, that is at the national level because more people are working.”
In the context of the preceding year’s financial initiatives, where a $781.9 billion National Budget was passed, and supplementary funds of $31 billion, $61 billion, and $25.9 billion were sought, Jagdeo highlighted the government’s continued effort to navigate challenges and execute projects for the betterment of the nation.
He said the government’s multifaceted approach aims to bring both immediate relief and long-term prosperity to the people of Guyana.
