BUDGET 2024: Gov’t focused on ‘harnessing and realising’ prosperity for Guyanese

He added, “What we want to do is to harness and capture this moment of realising potential national prosperity… But we want that national prosperity to translate into community, household and individual prosperity.”

According to the Finance Minister, every investment- be it in roads, schools, hospitals or housing schemes- directly benefits people. Some investments mean people have improved or first-time access to much-needed services, other investments allow people to live more comfortable lives and generate more wealth.

Then there are direct interventions, like cash grants, public assistance, pension and other payments that provide people with more disposable income.

Dr. Singh believes that the four PPP/C budgets passed since 2020 and this 2024 budget all demonstrate the government’s solid plan for enriching people’s lives.

Meanwhile, President Ali said it is important for people to understand how the budget is prepared and implemented so they can appreciate how much work goes into the government financial planning process.

He also explained that the Finance Ministry has the herculean task of distilling ideas and policies into measurable line items.