House Approves Massive $1.146 Trillion Budget 2024

• After a thorough five-hour budget presentation, two weeks of policy debates and scrutiny from the political opposition, the National Assembly, on February 2, 2024, approved the historic $1.146Tn budget to deliver accelerated improvement to the lives of Guyanese and development.
• Following the wrap-up of the consideration of the budget estimates, the Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh, reported to the National Assembly that the estimates were thoroughly considered in the Committee of Supply.
• Budget 2024, the country’s largest to date, is the fifth budget to have been presented by the People’s Progressive Party/Civic (PPP/C) administration, since being elected to office in August 2020.
• This year’s budget is the largest ever, and despite being 46.0% bigger than Budget 2023, and is entirely financed by no new taxes.

(Source: CariCris)